On June 30,2017,Roger,Inc.showed the following data on the equity section of their balance sheet:
On July 1,2017,the company declared and distributed a 8% stock dividend.The market value of the stock at that time was $13 per share.Following this transaction,what is the balance of Common Stock?
A) $160,920
B) $37,720
C) $271,400
D) $335,720
Correct Answer:
Verified
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