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Find which is correct when stock dividend is declared

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Reference no: EM132518429

Question 1: Davidson Company has 10,000,000 common shares issued and 500,000 shares of treasury stock. The stock's par value is $2 per share and its current market price is $25 per share. Which of the following is correct when a 15% stock dividend is declared and distributed?

A. Retained earnings will decrease $37.5 million.

B. Retained earnings will decrease $35.625 million.

C. Retained earnings will decrease $3 million.

D. Retained earnings will decrease $2.85 million.

E. Retained earnings do not change.

Reference no: EM132518429

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Find which is correct when stock dividend is declared : $2 per share and its current market price is $25 per share. Which of the following is correct when a 15% stock dividend is declared and distributed?
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