On january 31 village bank had 50000 shares of 3 per value, Financial Accounting

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On january 31 village bank had 50000 shares of 3 per value

on January 31, Village bank had 50,000 shares of $3 per value common stock outstanding. on that date, the company declared a 10% stock dividend when the market price of the stock was $62 per share. The immediate effect of this dividend upon Village bank was:

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Financial Accounting: On january 31 village bank had 50000 shares of 3 per value

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Financial Accounting: On january 31 village bank had 50000 shares of 3 per value

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