$16 per share, its capital accounts were as follows: Common Shares (no par, 40,000 shares issued...

 

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$16 per share, its capital accounts were as follows: Common Shares (no par, 40,000 shares issued and outstanding) - $750,000 // Retained Earnings - July 31, 2019, when Warner Co's shares were selling $1,300,000. If a 5 percent "stock dividend" was declard & distributed, the balance of the Common Shares account would be: O $782,000 O $1,300,000 O $1,532,000 O $750,000 $16 per share, its capital accounts were as follows: Common Shares (no par, 40,000 shares issued and outstanding) - $750,000 // Retained Earnings - July 31, 2019, when Warner Co's shares were selling $1,300,000. If a 5 percent "stock dividend" was declard & distributed, the balance of the Common Shares account would be: O $782,000 O $1,300,000 O $1,532,000 O $750,000

Answer rating: 100% (QA)

Answer Solution The correct option is A Stock Dividend is declared and ... View the full answer