On August 1, 2022, Omega Co. declared and issued a 15 percent common stock dividend. Prior to this, Omega Co. had 50,000 outstanding shares of $2 par value common stock. The market value of Omega Co.'s stock was $18 per share at the time the dividend was issued. As a result of this stock dividend, Omega Co.'s total stockholders' equity ________. Group of answer choices did not change increased by $15,000 decreased by $7,500 decreased by $135,000
On August 1, 2022, Omega Co. declared and issued a 15 percent common stock dividend. Prior to this, Omega Co. had 50,000 outstanding shares of $2 par value common stock. The market value of Omega Co.'s stock was $18 per share at the time the dividend was issued. As a result of this stock dividend, Omega Co.'s total stockholders' equity ________. Group of answer choices did not change increased by $15,000 decreased by $7,500 decreased by $135,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
On August 1, 2022, Omega Co. declared and issued a 15 percent common stock dividend. Prior to this, Omega Co. had 50,000 outstanding shares of $2 par value common stock. The market value of Omega Co.'s stock was $18 per share at the time the dividend was issued. As a result of this stock dividend, Omega Co.'s total stockholders' equity ________.
Group of answer choices
did not change
increased by $15,000
decreased by $7,500
decreased by $135,000
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