Question: 12. please show work On June 30, 2021, when Marigold Corp's stock was selling at $65 per share, its capital accounts were as follows: Capital

12. please show work
12. please show work On June 30, 2021, when Marigold Corp's stock

On June 30, 2021, when Marigold Corp's stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $50; 64000 shares issued) $3200000 Premium on capital stock 640000 Retained earnings 4120000 If a 100% stock dividend were declared and distributed, capital stock would be $3200000. O $8320000 O $6400000 $3840000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!