On January 1, Castagno Corporation Had 800,000 Shares of $10

question 88

Multiple Choice

On January 1, Castagno Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15% stock dividend. Market value of the stock was $15/share. As a result of this event,

• A) Castagno's Paid-in Capital in Excess of Par Value account increased $600,000.
• B) Castagno's total stockholders' equity was unaffected.
• C) Castagno's Retained Earnings account decreased $1,800,000.
• D) All of the above.

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Definitions:

Conversion Disorder

A mental condition where psychological stress is expressed through physical symptoms that have no organic cause.

Dissociative Disorders

A group of mental disorders characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Mental Processes

Internal cognitive operations that enable individuals to perceive, remember, think, and solve problems.

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