Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dora company declared and distributed a 15% stock

Dora Company declared and distributed a 15% stock dividend on 14,000 shares of issued and...

60.1K

Verified Solution

Question

Accounting

Dora Company declared and distributed a 15% stock dividend on 14,000 shares of issued and outstanding $5 par value common stock. The market price per share was $16 on the declaration date and was $15 on the distribution date. Which of the following correctly describes the accounting for the declaration and distribution of the stock dividend? Common stock increased $33,600. Retained earnings decreased $33,600. Retained earnings decreased $31,500. Capital in excess of par increased $21,000.

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

Chemistry
1.2K views

Calculate the pH of a 0.0760 M anilinium chloride solution. A list of ionization constants can...

Biology
1.2K views

compare the contrast Beatty and Faber from Fahrenheit book

Physics
1.2K views

Two blocks A and B of same mass are connected through a string and arranged...

Physics
1.2K views

A radiation of energy E falls normally on a perfectly reflecting surface The momentum transferred...

Calculus
1.2K views

Nevaeh invested $80,000 in an account paying an interest rate of 5 1/8% compounded continuously....

Algebra
1.2K views

SupposeA = 20010 3 00 0 11 -102 0 20Which of the followings are the...

Algebra
1.2K views

Save The formula S 16t is used to approximate the distance S in feet that...

Algebra
1.2K views

Factor the polynomial or identify it as irreducible x x 20x

Algebra
1.2K views

D 324 B 10246 D 240162 B 3125x D B A D 100004 2 A...

Accounting
1.2K views

A company may issue common stock and/or preferred stock. What is the difference between the...

Accounting
1.2K views

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days...

Finance
1.2K views

Which of the following is not a derivative security? ...