Lawrenceville Co.reported the Following: ​

question 137

Multiple Choice

Lawrenceville Co.reported the following: ​
Common stock,$3 par,10,000 shares authorized,5,000 shares issued and outstanding
​
What is the effect of a 10% stock dividend if the market price of the common stock is $30 per share when the dividend is declared?

• A)Cash decreases $30,000.
• B)Retained earnings in the amount of $15,000 is transferred to the contributed capital accounts.
• C)Additional Paid-In Capital decreases $30,000.
• D)A stock dividend has no effect on any stockholders' equity accounts.

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Definitions:

Gender Segregation

The physical, legal, or cultural separation of people based on their gender.

Concentration Of Women

Situations or contexts where women are in majority or where their presence is significantly higher than that of men.

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Gender Identity

Gender identity is an individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.