I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.

I need help cmputing stock dividends, I chose the wrong answer: On June 30, 2026, when Ivanhoe Co.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par value $50; 56000 shares issued) $2800000 Premium on capital stock 560000 Retained earnings 4250000 If a 100% stock dividend were declared and distributed, capital stock would be Select answer from the options below - Incorrect! a. $7392000. b. $3360000. c. $2800000. d. $5600000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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