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

question 36

Multiple Choice

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

• A)McCarver's Paid-in Capital in Excess of Par Value account increased $400,000.
• B)McCarver's total stockholders' equity was unaffected.
• C)McCarver's Stock Dividends account increased $1,200,000.
• D)All of these answer choices are correct.

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Construing

The process of interpreting and making sense of experiences and events through individual perceptions and constructs.

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REP Test

A projective test used to examine an individual's social perception and personal constructs through the explanation of interpersonal situations.