On June 30,2015,Roger Inc.showed the following data on the equity section of their balance sheet: On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the new balance in the Common stock account?

Question

On June 30,2015,Roger Inc.showed the following data on the equity section of their balance sheet:  On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the new balance in the Common stock account?

Quizplus · Accepted Answer

The Answer of On June 30,2015,Roger Inc.showed the following data on the equity section of their balance sheet:  On July 1,2015,the company declared and distributed a 5% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what would be the new balance in the Common stock account?