Business, 14.12.2019 00:31 alexsince4835

Dubois, inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of common stock. the current price per share is $13.85. par value of the stock is $0.01 per share. what effect does this dividend have on retained earnings?

a. $49,600 decrease
b. $32,240 decrease
c. $44,652,000 decrease
d. $11,591,288 decrease
e. none of the above

Answers: 2

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Dubois, inc. announces a large stock dividend of 65% of the 4.96 million outstanding shares of commo...