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Business, 30.03.2020 15:54 johncruzguerrero70
The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before its recent stock dividend: Common stock, $10 par, 10,000 shares issued and outstanding $ 100,000 Additional paid-in capital - common 120,000 Retained earnings 150,000 Total stockholders' equity $370,000 Pokagon declared a 10% stock dividend when the market price per share was $20. After the stock dividend was distributed, the components of the stockholders' equity section were: Select one:
A.
Common Stock
Additional Paid-in Capital
Retained Earnings
$100,000
$130,000
$170,000
B.
Common Stock
Additional Paid-in Capital
Retained Earnings
$100,000
$130,000
$130,000
C.
Common Stock
Additional Paid-in Capital
Retained Earnings
$110,000
$130,000
$130,000
D. There would be no change in the components of stockholders' equity.
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The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows be...
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