On January 1, Windsor, Inc. had 660000 shares of $10 par value common stock outstanding. On...
On January 1, Windsor, Inc. had 660000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $20/share. As a result of this event,
A) Windsor’s Paid-in Capital in Excess of Par Value account increased $990000.
B) Windsor’s total stockholders’ equity was unaffected.
C) Windsor’s Stock Dividends account increased $1980000.
D) All of these answer choices are correct
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Homework Answers
When a company declares stock dividend, the total shareholder's equity does not change. However, the number of shares outstanding increase and the corresponding amount is reduced from retained earnings account and added to paid-in capital account on the equity section of balance sheet.
Correct Answer D
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On January 1, Windsor,
Inc. had 660000 shares of $10 par value common stock outstanding.
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