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    kseyfarth88's Avatar
    kseyfarth88 Posts: 1, Reputation: 1
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    #1

    Nov 20, 2015, 02:07 PM
    On July 1, 20x5, Blaylock Corporation had 40,000 shares of its $100 par value common
    On July 1, 20x5, Blaylock Corporation had 40,000 shares of its $100 par value common stock outstanding. On July 2, 20x5, Blaylock declared a 15 percent stock dividend to be distributed on August 6, 20x5, to shareholders of record on July 16, 20x5. What amount of retained earnings should be transferred to contributed capital because of this dividend?

    None

    Market value of the stock at the date of distribution multiplied by the number of dividend shares

    Market value of the stock at the date of declaration multiplied by the number of dividend shares

    Par value per share multiplied by the number of dividend shares
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    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
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    Nov 20, 2015, 02:22 PM
    What do YOU think ?
    While we're happy to HELP we wont do all the work for you.
    Show us what you have done and where you are having problems..
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