The stockholders' equity section of Judson Company showed the following:
Judson declared a 10% stock dividend on a day when the market value of the stock was $15 per share.
The stock dividend will:
A) Increase Total Contributed Capital by $90,000
B) Decrease Retained Earnings by $300,000
C) Increase Common Stock by $100,000
D) Increase Contributed Capital in excess of par value, Common Stock by $60,000
Correct Answer:
Verified
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