financial accounting urgent 420966
Aug 29, 2021 | Uncategorized
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DORA Company declared and distributed a 25% stock dividend on 17,000 shares of issued and outstanding $5 par value common stock. The market price per share on the declaration date was $13 and was $12 on the distribution date. Which of the following correctly describes the accounting for the declaration and distribution of the stock dividend?
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Retained earnings decreased $55,250. |
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Retained earnings decreased $51,000. |
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Capital in excess of par increased $29,750. |
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Common stock increased $55,250.
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