Multiple Choice
Samuel Corporation declared and distributed a 10 percent stock dividend on its $5 par common stock in November.10,000 shares of common were authorized,8,000 were issued and outstanding at the declaration.The market value on the date of declaration was $12 per share.The amount credited to Paid-in-Capital in Excess of Par Value-Common Stock is:
A) $0.
B) $4,000.
C) $5,600.
D) $9,600.
Correct Answer:
Verified
Correct Answer:
Verified
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