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 $600,000b)Castagno’s total stockholders equity was unaffectedc)Castagno’s retained earnings account decreased $1,800,000d)all of the above 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…
This is a sample question
Need help with a similar assignment?
Place an order at Study Pirate
Attach all custom instructions.
Make Payment. (The total price is based on number of pages, academic level and deadline)
We’ll assign the paper to one of writers and send it back once complete.