A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $13 per share. What is the number of new shares to be issued as a result of the stock dividend? Group of answer choices 13,000 shares 10,000 shares 20,000 shares

A company with 100,000 authorized shares of $4 par common stock issued 50,000 shares at $8. Subsequently, the company declared a 2% stock dividend on a date when the market price was $13 per share. What is the number of new shares to be issued as a result of the stock dividend? Group of answer choices 13,000 shares 10,000 shares 20,000 shares

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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