On June 30,2018,Dakota,Inc

question 192

Multiple Choice

On June 30,2018,Dakota,Inc.showed the following data on the equity section of their balance sheet: On July 1,2018,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings?

• A)$770,580
• B)$951,000
• C)$981,780
• D)$621,200