Homework Answers
Corporation issues less than 25% stock dividend, thus it is considered as a small stock dividend. Small stock dividend will be accounted using market value per share instead of par value per share.
Share capital increase by = Shares issued and outstanding x bonus issue or stock dividend x Market value per share
= 60,000 x 15% x $15
= $135,000.
Therefore, the correct answer is share capital will increase by $135,000.
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