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On January 1, Key Corporation had 2,000,000 ordinary shares with a 10 par value outstanding....

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Accounting

On January 1, Key Corporation had 2,000,000 ordinary shares with a 10 par value outstanding. On March 31, the company declared a 20% share dividend. Market value of the shares was 15/share. As a result of this event,

a. Keys Share Premium account increased 2,000,000.

b. Keys total equity was unaffected.

c. Keys Share Dividends account increased 6,000,000.

d All of these answer choices are correct.

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