Stock Dividends
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Helen's Company has $300, 000 shsares of $40 par common stock outstanding. On February 13, Helen's company declared a 3% stock dividend to be issued.
April 30 to stockholders of record on March 14 the market price of the stock was $63 per share on Febuary13
What is the Stock Dividends amount for February 13th
My answer is $360,000
Am I correct?
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Solution Summary
The solution explains how to calculate the amount of stock dividend.
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The number of shares outstanding are 300,000/40=7,500 ($300,000 amount and $40 par value)
Stock dividend is 3%
Number of shares ...
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