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on january 1,Castagno Corporation had 800,000 shares of $10 par value common stock outstanding.On march 31,the company declared a 15%stock...
on january 1,Castagno Corporation had 800,000 shares of $10 par value common stock outstanding.On march 31,the company declared a 15%stock dividend.Market value of the stock was $15/share.As a result of this event ?a)Castagno's paid-in capital in excess of par value account increased $600,000b)Castagno's total stockholders equity was unaffectedc)Castagno's retained earnings account decreased $1,800,000d)all of the above
On January 1, Castagno Corporation had 800,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 15%stock dividend. Market value of the stock was $15/share. As a...