Multiple Choice
On June 30,2017,Texas,Inc.showed the following data on the equity section of their balance sheet:
On July 1,2017,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings?
A) $768,060
B) $952,000
C) $983,220
D) $617,800
Correct Answer:
Verified
Correct Answer:
Verified
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