Answered

Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

A company with 86,000 authorized shares of $7 par common stock issued 31,000 shares at $13. Subsequently, the company declared a 2% stock dividend on a date when the market price was $23 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

Sagot :

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.