On August 31,2013,Victory Corporation's common stock is priced at $30 per share before any stock dividend or split,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 15% stock dividend.
-What is the total amount in the Retained Earnings account immediately after the stock dividend?
A)$537,000
B)$195,000
C)$366,000
D)$100,000
E)$0

Question

On August 31,2013,Victory Corporation's common stock is priced at $30 per share before any stock dividend or split,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 15% stock dividend.  
-What is the total amount in the Retained Earnings account immediately after the stock dividend?
A)$537,000 
B)$195,000 
C)$366,000 
D)$100,000 
E)$0

Quizplus · Accepted Answer

The Answer of On August 31,2013,Victory Corporation's common stock is priced at $30 per share before any stock dividend or split,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 15% stock dividend.  
-What is the total amount in the Retained Earnings account immediately after the stock dividend?
A)$537,000 
B)$195,000 
C)$366,000 
D)$100,000 
E)$0

On August 31,2013,Victory Corporation's Common Stock Is Priced at $30