Solved

On June 30,2018,Dakota,Inc

Question 190

Multiple Choice

On June 30,2018,Dakota,Inc.showed the following data on the equity section of their balance sheet: On June 30,2018,Dakota,Inc.showed the following data on the equity section of their balance sheet: On July 1,2018,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings? A) $770,580 B) $951,000 C) $981,780 D) $621,200 On July 1,2018,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings?


A) $770,580
B) $951,000
C) $981,780
D) $621,200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q184: Which of the following occurs when the

Q186: Sherry,Inc.had 140,000 shares of $5 par value

Q187: Maybridge,Inc.has 3000 shares of common stock outstanding.A

Q188: A stock split can involve issuing more

Q189: Nice International originally issued 105,000 shares of

Q191: A 3-for-1 stock split of a $3

Q193: On July 31,2018,Baldwin,Inc.reported the following information in

Q194: A stock split decreases par value per

Q197: Which of the following is a reason

Q198: Small and large stock dividends have no

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents