Gordon Corporation Reported the Following Equity Section on Its Current

question 75

Multiple Choice

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. What would be the balance in the Common stock account after the issuance of a 10% stock dividend?

• A)$200,000
• B)$246,000
• C)$220,000
• D)$226,000