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The stockholders’ equity section of the balance sheet immediately before a recent stock dividend is provided below: Common Stock (CS), $5 par, 100,000 shares issued and outstanding        $500,000 Additional Paid-in Capital-Common Stock (APIC)                                              100,000 Retained Earnings (RE)                                                                                           725,000 Total Stockholders’ Equity                                                                        $1,325,000 A 10% stock dividend was declared and paid when the market price per share was $12. Immediately after the stock dividend, the components of the stockholders’ equity section were: Select one: a. CS $550,000; APIC $170,000; RE $725,000 b. CS $620,000; APIC $100,000; RE $605,000 c. CS $550,000; APIC $170,000; RE $605,000 d. CS $620,000; APIC $100,000; RE $725,000

- November 14, 2022 - Edwin Tunner

The stockholders’ equity section of the balance sheet immediately before a recent stock dividend is provided below:

Common Stock (CS), $5 par, 100,000 shares issued and outstanding        $500,000

Additional Paid-in Capital-Common Stock (APIC)                                              100,000

Retained Earnings (RE)                                                                                           725,000

Total Stockholders’ Equity                                                                        $1,325,000

A 10% stock dividend was declared and paid when the market price per share was $12. Immediately after the stock dividend, the components of the stockholders’ equity section were:

Select one:

a. CS $550,000; APIC $170,000; RE $725,000
b. CS $620,000; APIC $100,000; RE $605,000
c. CS $550,000; APIC $170,000; RE $605,000
d. CS $620,000; APIC $100,000; RE $725,000
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