Kurt's Market has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $13 per share.The balance sheet shows $8,000 in the common stock account,$26,000 in the capital in excess of par account,and $36,800 in the retained earnings account.The firm just announced a 100 percent stock dividend.What will be the balance in the retained earnings account after this dividend?
A) $28,800
B) $36,800
C) $38,700
D) $40,700
E) $128,700
Correct Answer:
Verified
Q63: South Shore Limited has 21,000 shares of
Q64: Randall's,Inc.has 20,000 shares of stock outstanding with
Q65: Western Mountain Water has 11,000 shares of
Q66: Southern Fried Chicken has 8,000 shares of
Q67: Cooper Brands,Inc.,has 68,000 shares of stock outstanding
Q69: Tucker's National Distributing has a current market
Q70: Mario's has 18,000 shares of stock outstanding
Q71: Alfonzo's Italian House has 25,000 shares of
Q72: The equity of Blooming Roses has a
Q73: The Mining Co.has 20,000 shares of stock
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