Beretta, Inc. has outstanding 500,000 shares of $13.00 par value common stock. Ruger declares a 7.75%...

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Beretta, Inc. has outstanding 500,000 shares of $13.00 par value common stock. Ruger declares a 7.75% stock dividend at $17.00 per share. What will be the amount recorded to the Retained Earnings account on the date of declaration? (indicate if the amount will be a debit or a credit) Beretta, Inc. has outstanding 500,000 shares of $13.00 par value common stock. Ruger declares a 7.75% stock dividend at $17.00 per share. What will be the amount recorded to the Retained Earnings account on the date of declaration? (indicate if the amount will be a debit or a credit)

Answer rating: 100% (QA)

When a company issues a stock dividend the total value of equity remains the same from the investors ... View the full answer