Davidsons Has 15,000 Shares of Stock Outstanding with a Par

question 48

Multiple Choice

Davidsons has 15,000 shares of stock outstanding with a par value of $1 per share and a market value of $45 per share.The balance sheet shows $15,000 in the common stock account,$158,000 in the capital in excess of par account,and $132,500 in the retained earnings account.The firm just announced a stock dividend of 50 percent.What is the value of the retained earnings account after the dividend?

• A)$125,000
• B)$117,500
• C)$132,500
• D)$140,000
• E)$147,500

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People from Ireland who moved to another country, especially noticeable in the 19th and early 20th centuries to the United States, due to famine and economic conditions.

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