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

question 26

Multiple Choice

On January 1, Collins 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 per share.As a result of this event,

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

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