On June 30, 2013, Stephans Company Showed the Following Data

question 25

Multiple Choice

On June 30, 2013, Stephans Company showed the following data on the equity section of their balance sheet: On July 1, 2013, Stephans distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in Paid-in capital in excess of par?

• A)$286,000
• B)$284,000
• C)$260,000
• D)$234,000

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Definitions:

Skilled Crafts

Professions or trades that require specific training or skills, often involving manual work, such as carpentry, plumbing, or electrical work.

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Jobs or occupations that do not require a specific set of skills or extended training to perform.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, established to advocate for improved wages, working conditions, and rights of workers.

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A significant event or series of events marking a massive demonstration, often referring to movements or revolutions by workers or oppressed groups.