Samantha Fish's Seafood, Inc., has retained earnings of $20 million, a common shares eo million, and additional paid-in-capital of $15 million. What would be the percentage change to retained earnings in response to a 15% stock dividend? 30% would be transferred out of retained earnings 30% would be transferred into retained earnings O 15% would be transferred into retained earnings 15% would be transterred out of retained earnings.

Samantha Fish's Seafood, Inc., has retained earnings of $20 million, a common shares eo million, and additional paid-in-capital of $15 million. What would be the percentage change to retained earnings in response to a 15% stock dividend? 30% would be transferred out of retained earnings 30% would be transferred into retained earnings O 15% would be transferred into retained earnings 15% would be transterred out of retained earnings.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 91C

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