Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend. How much will the retained earnings account become following the stock dividend? Choose.. How much will total equity become following the stock dividend? Choose. How much will the additional paid-in capital account become following the stock dividend? Choose.

Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend. How much will the retained earnings account become following the stock dividend? Choose.. How much will total equity become following the stock dividend? Choose. How much will the additional paid-in capital account become following the stock dividend? Choose.

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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