Question: On May 1 , 2 0 2 6 , Flint Corp. declared and issued a 1 0 % common stock dividend. Prior to this dividend,

On May 1,2026, Flint Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Flint had 193000 shares of $1
par value common stock issued and outstanding. The fair value of Flint's common stock was $23 per share on May 1,2026. As a result
of this stock dividend, Flint's total stockholders' equity
increased by $443900.
decreased by $23000.
decreased by $443900.
did not change.
 On May 1,2026, Flint Corp. declared and issued a 10% common

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!