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On June 30,2018,Padres,Inc

Question 167

Multiple Choice

On June 30,2018,Padres,Inc.showed the following data on the equity section of their balance sheet: On June 30,2018,Padres,Inc.showed the following data on the equity section of their balance sheet: On July 1,2018,the company declared and distributed a 10% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is the number of shares issued? A) 86,500 B) 297,300 C) 160,600 D) 146,000 On July 1,2018,the company declared and distributed a 10% stock dividend.The market value of the stock at that time was $15 per share.Following this transaction,what is the number of shares issued?


A) 86,500
B) 297,300
C) 160,600
D) 146,000

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