Concin Has the Following Equity Accounts on Its Balance Sheet

question 154

Multiple Choice

Concin has the following equity accounts on its balance sheet: The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account?

• A)No change
• B)Increase of $225,000
• C)Increase of $54,000
• D)Increase of $21,600,000

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