A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

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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