verbal communications company has 18,400 shares of stock outstanding with a par value of $1 per share and a market value of $43 per share. the firm just announced a stock dividend of 100 percent. what is the market value per share after the dividend? a) $21.50 b) $20.50 c) $27.00 d) $26.50 e) $43.00

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20-12-2022
Business

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verbal communications company has 18,400 shares of stock outstanding with a par value of $1 per share and a market value of $43 per share. the firm just announced a stock dividend of 100 percent. what is the market value per share after the dividend? a) $21.50 b) $20.50 c) $27.00 d) $26.50 e) $43.00

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PratikshaS PratikshaS · Answer 1 · 2022-12-26T11:57:57-05:00

According to question, $43.00 is the market value per share after the dividend .

As they will be distributed to investors, the corporation will issue shares with the same value as market shares, and the accounting will reflect that.

100% of 18,400 shares is 18,400 new shares.

1 dollar multiplied by 18,400 shares of ordinary stock

18,400 times $43 is a market value of 791,200.

supplementary paid.in 772,800

The entry will reduce retained earnings to maintain market value and credit equity accounts to do so.

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