Bridge Corporation decides to issue a 15% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution is made at the time the market value of the stock is $50 a share. How will this transaction affect the company's equity accounts?

Question

Quizplus · Accepted Answer

The Answer of Bridge Corporation decides to issue a 15% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution is made at the time the market value of the stock is $50 a share. How will this transaction affect the company's equity accounts?

Bridge Corporation Decides to Issue a 15% Stock Dividend on 20,000