Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account, £58,000
In the additional paid in capital account and £32,500 in the retained earnings account.The firm just
Announced a 50% (large) stock dividend.What is the value of the additional paid in capital account
After the dividend?
A) £58,000
B) £61,500
C) £87,000
D) £96,500
E) £100,000
Correct Answer:
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