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Title Inc. declares a 5% share dividend on June 30, 2016. Title Inc. currently has...

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Accounting

Title Inc. declares a 5% share dividend on June 30, 2016. Title Inc. currently has 90,000 authorized shares 75,000 shares outstanding and the market value of the shares is $2.00 per share, while the date of record price was $2.50. The value to be assigned to this share dividend is: a. $3,750 b. $7,500 c. $9, 000 d. $4,500 e. $9,375

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