Capital in excess of par value account


on january 1,Castagno Corporation had 800,000 shares of $10 par value common stock outstanding.On march 31,the company declared a 15%stock dividend.Market value of the stock was $15/share. As a result of this event ?

a) Castagno's paid-in capital in excess of par value account increased $600,000

b) Castagno's total stockholders equity was unaffected

c) Castagno's retained earnings account decreased $1,800,000

d) all of the above

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Accounting Basics: Capital in excess of par value account
Reference No:- TGS069762

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