Murton Industries
Murton Industries, Inc. reported the following information on its recent balance sheet.
Common stock, $10 par, 100,000 shares authorized, 75,000 shares issued and outstanding
-
Refer to the information for Murton Industries. What is the effect of a 10% stock dividend if the market price of the common stock is $30 per share when the stock dividend is declared?
A) A stock dividend has no impact on any of the stockholders' equity accounts.
B) Total stockholders' equity increases $75,000.
C) Cash increases $300,000.
D) Retained earnings decreases by $225,000.
Correct Answer:
Verified
Q61: Denny's Deli, Inc.
The stockholders' equity section
Q62: All of the following are reasons that
Q64: Cash paid for preferred stock dividends should
Q65: Bravo Bistro, Inc.
The stockholders' equity section
Q67: What types of accounts are Treasury Stock
Q68: Bravo Bistro, Inc.
The stockholders' equity section
Q70: Murton Industries
Murton Industries, Inc. reported the
Q71: Denny's Deli, Inc.
The stockholders' equity section
Q81: On the statement of cash flows, the
Q159: Which of the following statements is true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents