Bruno's Has 7,000 Shares Outstanding with a Par Value of £1.00

question 79

Multiple Choice

Bruno's has 7,000 shares outstanding with a par value of £1.00 per share and a market value of £12 per share.The statement of financial position shows £7,000 in the ordinary equity account, £58,000
In the additional paid in capital account and £32,500 in the retained earnings account.The firm just
Announced a 50% (large) stock dividend.What is the value of the ordinary equity account after the
Dividend?

• A)£7,000
• B)£8,500
• C)£9,000
• D)£10,500
• E)£14,000

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