On June 30,2015,Roger Inc

question 4

Multiple Choice

On June 30,2015,Roger Inc.showed the following data on the equity section of their balance sheet: On July 1,2015,the company 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 be the new balance in the Common stock account?

• A)$147,000
• B)$26,000
• C)$66,000
• D)$246,000

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