Business, 09.07.2021 22:30 carterhoward

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?? a. Retained earnings will decrease by $4.000 million
b. Retained earnings will decrease only by $3.796 million
c. Retained earnings will decrease by $49.348 million.
d. Retained earnings will decrease by $52.000 million.

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Davidson Company has 10,000,000 common shares issued and 400,000 shares of treasury stock. The stock...

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