Beverly Company announces a 200% stock dividend. Prior to the stock dividend, Beverly had 1,000,000 shares of common stock outstanding and the par value was $0.30 per share. After the stock dividend, Beverly would have: 3,000,000 outstanding shares with a par value of $0.10 per share. 3,000,000 outstanding shares with a par value of $0.30 per share. O 2,000,000 outstanding shares with a par value of $0.30 per share. 500,000 outstanding shares with a par value of $0.60 per share.

Beverly Company announces a 200% stock dividend. Prior to the stock dividend, Beverly had 1,000,000 shares of common stock outstanding and the par value was $0.30 per share. After the stock dividend, Beverly would have: 3,000,000 outstanding shares with a par value of $0.10 per share. 3,000,000 outstanding shares with a par value of $0.30 per share. O 2,000,000 outstanding shares with a par value of $0.30 per share. 500,000 outstanding shares with a par value of $0.60 per share.

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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