Dillion Company is authorized to issue 1,000,000 shares of $40 par value common stock. By November 15, 2016, the company had issued 50,000 shares at $50 per share. On November 15, 2016, the company declared a 30% stock dividend when the market price was $52 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

Answer rating: 100% (QA)

Answer To calculate the amount transferred from retained earnings to paidin capital as a result of t... View the full answer