Renegade Corporation has 362,000 shares of $20 par common stock outstanding. On June 19, Renegade Corporation...

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Renegade Corporation has 362,000 shares of $20 par common stock outstanding. On June 19, Renegade Corporation declared a 9% stock dividend to be issued on July 31 to stockholders of record on July 12. The market price of the stock was $44 per share on June 19. What is the amount transferred from the Retained Earnings account to paid-in capital accounts as a result of the stock dividend? A) $32,680 B) $1,433,520 $781,920 Renegade Corporation has 362,000 shares of $20 par common stock outstanding. On June 19, Renegade Corporation declared a 9% stock dividend to be issued on July 31 to stockholders of record on July 12. The market price of the stock was $44 per share on June 19. What is the amount transferred from the Retained Earnings account to paid-in capital accounts as a result of the stock dividend? A) $32,680 B) $1,433,520 $781,920

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