Instructions I help Chapter 11 Qulz Question 5 (of 5) Save & Exdt Submit 5. valu

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Instructions I help Chapter 11 Qulz Question 5 (of 5) Save & Exdt Submit 5. value: 1.00 points You did not receive full credit for this question in a previous attempt MC Qu. 220 MacDowell Corp. has... MacDowell Corp. has 100,000 shares outstanding with a par value of $2. On March 3, it declared a 100% stock dividend. when its stock price was $15. As..... t of this stock dividend, retained earnings: decreased by $1,500,000. O decreased by $200,000. O increased by $1,500,000. O Increased by $100,000. References Multiple Choice MC Qu. 220 MacDowell Corp. has.. Install macOS High Sierra

Explanation / Answer

Q220.

While issuing stock dividend per stock value will consider market value. so in given question 100,000 stocks will issue for $15 as stock dividend. value of the stock dividend will be: $1,500,000.

it will decrease retained earnings by $1,500,000

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