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 35% stock dividend.
-What is the total amount in the Paid-In Capital account immediately after the stock dividend?
A)$193,100
B)$195,000
C)$366,000
D)$100,000
E)$231,000

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 35% stock dividend.  
-What is the total amount in the Paid-In Capital account immediately after the stock dividend?
A)$193,100 
B)$195,000 
C)$366,000 
D)$100,000 
E)$231,000

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 35% stock dividend.  
-What is the total amount in the Paid-In Capital account immediately after the stock dividend?
A)$193,100 
B)$195,000 
C)$366,000 
D)$100,000 
E)$231,000

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