A company with 103,000 authorized shares of $7 par common stock issuers 34,000 shares at $15...
A company with 103,000 authorized shares of $7 par common stock issuers 34,000 shares at $15 subsequently the company declared a 2% stock divided on a date when the market price was $27 per share. What is the amount transferred from the retained earnings account to paid in capital accounts as a result of the stock dividend
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| Please find below the answer | |
| Statementshowing Computations | |
| Paticulars | Amount |
| No of issued shares | 34,000.00 |
| Stock dividend = 34,000*2% | 680.00 |
| Marketprice per share | 27.00 |
| amount transferred from the retained earnings account = 680 *27 | 18,360.00 |
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