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Author Question: Luna Corp. has 220,000 shares of $6-par common stock outstanding. They have declared a 10% stock ... (Read 44 times)

jilianpiloj

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Luna Corp. has 220,000 shares of $6-par common stock outstanding. They have declared a 10% stock dividend. The current market price of the common stock is $14/share. What is the amount that will be credited to Common Stock on the date of declaration?
◦ $132,000
◦ $184,800
◦ $440,000
◦ $308,000


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Marked as best answer by jilianpiloj on Feb 18, 2020

nekcihc358

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jilianpiloj

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Reply 2 on: Feb 18, 2020
Excellent


zacnyjessica

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Reply 3 on: Yesterday
Wow, this really help

 

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