On June 30, 2017, Roger, Inc. showed the following data on the equity section of their balance sheet: 
On July 1, 2017, the company declared and distributed a 8% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what is the balance of Common Stock?
A) $160,920
B) $37,720
C) $271,400
D) $335,720
Correct Answer:
Verified
Q122: Happy Holidays,Inc.has 113,000 shares of common stock
Q123: ANS,Inc.has 50,000 shares of common stock outstanding
Q129: Gordon Corporation reported the following equity section
Q130: Landess Corporation currently has 132,000 shares outstanding
Q131: Stock dividends have no effect on total
Q131: Sanella Corporation reported the following equity section
Q132: A company originally issued 10,000 shares of
Q165: Stock dividends are declared by the _.
A)
Q170: The declaration of a stock dividend creates
Q172: When the corporation declares a stock dividend,a
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