A company with 80,474 authorized shares of $8 par common stock issued 30,606 shares at $12 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $34 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Select the correct answer. -$4,897 -$54,722 -$20,812 -$15,915

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.