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Question
Amber Corp. has 3 million shares of common stock outstanding. The stock is selling at $30 per share. If Amber announces a 20 percent stock dividend, the transfer that must be made from retained earnings to the common stock account to account for the stock dividend will be _____.
a. $3,600,000
b. $18,000,000
c. $14,400,000
d. $108,000,000
e. $6,000,000
Answer
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Related questions
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Q:
Which of the following is true about financial institutions in the United States compared to those in other countries?
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b. Deciding which investment banker to use
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Q:
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a. True
b. False
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Q:
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c. Firms with relatively high debt ratios have higher expected returns when business is bad.
d. Firms with relatively high debt ratios have higher expected returns when business is good.
e. Firms with relatively low debt ratios have higher expected returns when business is poor.