Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, windsor, inc. had 660000 shares of $

On January 1, Windsor, Inc. had 660000 shares of $10 par value common stock outstanding....

50.1K

Verified Solution

Question

Accounting

On January 1, Windsor, Inc. had 660000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $20/share. As a result of this event,

A) Windsors Paid-in Capital in Excess of Par Value account increased $990000.

B) Windsors total stockholders equity was unaffected.

C) Windsors Stock Dividends account increased $1980000.

D) All of these answer choices are correct

Please show work

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Credit 6 ct on Credit Assignment Score Question 16 of 19 87 4 llan Learning...

Statistics
Q

Why is the coagulase test important in diagnosing infections with Staphylococcus? How does the production of coagulase...

Biology
Q

Explain why a generic drug product can be a pharmaceutical equivalent but not identical to the...

Medical Sciences
Q

Supply 1 25 mg per tablet How many tablets will be administered A 2 tablets...

Biology
Q

A non uniform bar of mass m is hung horizontally between two walls using two...

Physics
Q

Find the exact value of log4 36 log49 without using a calculator 992929 09 4

Algebra
Q

On January 2001 a company takes a 19 000 000 Loan to purchase an apartment...

Algebra
Q

If net cash flows from operating activities were $296,000, net income were $200,000, and sales...

Accounting
Q

On January 1, 2021, Majestic Mantles leased a lathe from Equipment Leasing under a finance...

Accounting
Q

Bill and Mary filed a joint Federal income tax return this year. Mary owns a...

Accounting
Q

Expected return and standard deviation. Use the following information to answer the questions. ...

Finance
Q

I have a balance sheet with these items listed: ...

Accounting