Toms Wear issued a 10% stock dividend. The balance in retained earnings at the time...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Toms Wear issued a 10% stock dividend. The balance in retained earnings at the
time of the dividend was $45,000. There were 15,000 shares outstanding on the day
of the dividend. The $1 par value stock had a market price of $17.25 on the day of
the dividend. Total shareholders equity will increase (decrease) by:
a. $4,500.
b. $1,500.
c. $25,875.
d. $0.
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: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.