Stockholders' equity of Ziyech Corporation is as follows: Common stock, $20 par; issued...
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Accounting
Stockholders' equity of Ziyech Corporation is as follows:
Common stock, $20 par; issued and outstanding 90,000 shares: $1,800,000
Paid-in capital excess of par: $900,000
Retained earnings: $760,000
The current market price of Ziyechs stock is $37 per share. If Ziyech declares and distributes a 20% stock dividend, paid-in capital excess of par balance will be:
Multiple Choice
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$1,206,000
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$1,566,000
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$1,260,000
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$900,000
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