On June 30, 2015, Roger Company Showed the Following Data

question 71

Multiple Choice

On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would the new balance in Retained Earnings be?

• A)$916,000
• B)$942,000
• C)$966,000
• D)$849,000

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