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Prepare a davidson company common shares

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Reference no: EM132469876

Problem 1: Davidson Company has 10,000,000 common shares issued and 400,000 shares of treasury stock. The stock's par value is $2 per share and its current market price is $15 per share. Which of the following is correct when a 15% stock dividend is declared and distributed?

Group of answer choices

option 1: Retained earnings will decrease by $22.500 million

option 2: Retained earnings will decrease by $21.600 million.

option 3: Retained earnings will decrease by $3.000 million.

option 4: Retained earnings will decrease only by $2.880 million

Reference no: EM132469876

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