Business, 17.04.2020 15:49, roxannaemigdio3850
On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca had 80,000 shares of $5 par common stock outstanding. The market value of Ca Corporation on the date of declaration was $10 per share.
Required:
1. As a result of this dividend, Chief's retained earnings will .
MULTIPLE CHOICE
a. decrease by $80,000
b. not change
c. decrease by $40,000
d. increase by $80,000
Answers: 3
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On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca ha...
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