On August 31, 2013, Gilliam Corporation's common stock is priced at $50 per share before any stock dividend, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 10% stock dividend.
What is the total amount in the Retained Earning account immediately after the stock dividend?

Question

On August 31, 2013, Gilliam Corporation's common stock is priced at $50 per share before any stock dividend, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 10% stock dividend.
  What is the total amount in the Retained Earning account immediately after the stock dividend?

Quizplus · Accepted Answer

The Answer of On August 31, 2013, Gilliam Corporation's common stock is priced at $50 per share before any stock dividend, and the stockholders' equity section of its balance sheet appears as follows. Assume that the company declares and immediately distributes a 10% stock dividend.
  What is the total amount in the Retained Earning account immediately after the stock dividend?

On August 31, 2013, Gilliam Corporation's Common Stock Is Priced