Question: could you explain why the answer is C? On June 30, 2012, when Ermler Co.'s stock was selling at $65 per share, its capital accounts

could you explain why the answer is C?

could you explain why the answer is C? On June 30, 2012,

On June 30, 2012, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $50; 80,000 shares issued) $4,000,000 APIC on capital stock 600,000 Retained earnings 4, 200,000 If a 100% stock dividend were declared and distributed, capital stock would be $4,000 000 $4,000 000. $8,000,000. $8,000,000

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