I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.
I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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![I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s
stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000
shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock
dividend were declared and distributed, capital stock would be Select answer from the options below -
Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F286a978f-f94e-4b82-82ef-0b87b580d265%2Fdd96f7d8-affe-45bb-ad70-ff3ac59126c4%2Fvkep17_processed.jpeg&w=3840&q=75)
Transcribed Image Text:I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s
stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000
shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock
dividend were declared and distributed, capital stock would be Select answer from the options below -
Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.
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