Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 13. james company has 800,000 shares of common sto

13. James Company has 800,000 shares of common stock authorized with a par of $1...

70.2K

Verified Solution

Question

Accounting

13. James Company has 800,000 shares of common stock authorized with a par of $1 per share, of which 300,000 shares are outstanding. When the market value was $6 per share, James declared and issued a 10% stock dividend. As a result of this dividend, James retained earnings will:

1. Decrease by $180,000

2. Increase by $180,000

3. No Change

4. Decrease by $30,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

What is the difference between a Paired t-test and a Pooled t-test?

Geometry
1.2K views

problem 6 10 Express your answer in terms of pi and as a decimal rounded...

Basic Math
1.2K views

Calculate the length of the line segment defined by each pair of endpoin a A...

Algebra
1.2K views

Solve the following System using x=A bX? + 3x? + x3 = 42x? + 2x?...

Algebra
1.2K views

4 Solve cos 0 2sin sin 0 0 0 0 Hint put everything in terms...

Accounting
1.2K views

Required information Exercise 6-13A Calculate inventory using lower of cost and net realizable value (L06-6)...

Accounting
1.2K views

A firm produces a product that has the production cost function C(x)equals=220220xplus+81958195 and the revenue...

Accounting
1.2K views

create a balance sheet for Crane Company assets. cash: 15000 supplies: 8000 equipment: 46000...

Accounting
1.2K views

Shannon, Inc., has two divisions. One produces and sells paper party supplies (napkins, paper plates,...

Accounting
1.2K views

Horizontal analysis: a) is also called common-size analysis. b) cannot be applied if base year...

Finance
1.2K views

19 years ago, Delicious Mills, Inc. issued 30 -year to maturity bonds that had a...

Finance
1.2K views

Question 2 Due to heightened political risk and volatile stock market reaction, Bank of Paz...