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Excelsior Company's Capital Structure Is as Follows

Question 44

Multiple Choice

Excelsior Company's capital structure is as follows:
Excelsior Company's capital structure is as follows: The current market price of the firm's common stock is $30.If the firm declares a 10% stock dividend, determine the balance in the contributed capital in excess of par and retained earnings accounts. A) $22,000,000;$17,000,000 B) $21,600,000;$17,000,000 C) $21,600,000;$23,000,000 D) $17,000,000;$21,600,000
The current market price of the firm's common stock is $30.If the firm declares a 10% stock dividend, determine the balance in the contributed capital in excess of par and retained earnings accounts.


A) $22,000,000;$17,000,000
B) $21,600,000;$17,000,000
C) $21,600,000;$23,000,000
D) $17,000,000;$21,600,000

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