On June 30, 2016, when Ermler Co.s stock was selling at $65 per share, its...
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Accounting
On June 30, 2016, when Ermler Co.s stock was selling at $65 per share, its equity accounts were as follows:
Share capitalordinary (par value $50; 60,000 shares issued) $3,000,000
Contributed capitalordinary 600,000
Retained earnings 4,200,000
If a 100% share dividend were declared and distributed, share capitalordinary would be
| A. $3,000,000 | ||
| B. $3,600,000 | ||
| C. $7,800,000
| ||
| D. $6,000,000 |
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