On November 1, 2010, Norris Corporation's stockholders' equity section is as follows:
On November 1, Norris declares and distributes a 10% stock dividend when the market value of the stock is $13 per share.
Instructions
Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed.

Question

On November 1, 2010, Norris Corporation's stockholders' equity section is as follows:  
On November 1, Norris declares and distributes a 10% stock dividend when the market value of the stock is $13 per share.
Instructions
Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed.

Quizplus · Accepted Answer

The Answer of On November 1, 2010, Norris Corporation's stockholders' equity section is as follows:  
On November 1, Norris declares and distributes a 10% stock dividend when the market value of the stock is $13 per share.
Instructions
Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed.

On November 1, 2010, Norris Corporation's Stockholders' Equity Section Is