The Tanning Bed Has 10,000 Shares of Stock Outstanding with a Par

question 23

Multiple Choice

The Tanning Bed has 10,000 shares of stock outstanding with a par value of $1 per share and a market value of $8 per share.The balance sheet shows $10,000 in the common stock account,$60,000 in the capital in excess of par account,and $94,300 in the retained earnings account.The firm just announced a 100 percent stock dividend.What will be the value of the common stock account after the dividend?

• A)$5,000
• B)$10,000
• C)$11,000
• D)$15,000
• E)$20,000

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