Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 8) our company did a stock dividend. dave says the

8) Our company did a stock dividend. Dave says there is no effect on our comprehensive...

80.2K

Verified Solution

Question

Accounting

8) Our company did a stock dividend. Dave says there is noeffect on our comprehensive stockholders' equity at all. Barbaradisagrees and says it does have an effect on equity but isn't sureexactly what. She just knows there is an impact. Verna hasabsolutely no clue on this one. So she just cannot decide who'sright and is completely lost.

  • Exactly what effect(s) would there be on the comprehensivestockholders' equity? Make sure you explainwhy.

Answer & Explanation Solved by verified expert
4.0 Ratings (638 Votes)
A stock dividend is a pro rata distribution to stockholders of the corporations own stock A company issues shares of stock in a stock dividend A stock dividend results in a decrease in retained earnings and an increase in paid in capital A stock dividend does not decrease total stockholders equity or total assets    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You have stated several reasons as to why a company could have negative cash flows. Many...

Finance
Q

1.) Identical objects are located at the same distance from two spherical mirrors, A and B....

Physics
Q

Let?F and?G be vector fields defined on R3 whose component functions have continuous partial derivatives. Furthermore,...

Advance Math
Q

USA's different cultural and institutional profiles compared to the United Kingdom. One North American employee is coming...

General Management
Q

To predict future enrollment in a school district fifty households within the district were sampled...

Statistics
Q

Solve the inequality and graph the solution set on real umber line Express the solution...

Algebra
Q

3 5 3 5 7 A 6b 56 81b C 5 k 6 C k...

Algebra
Q

The Heymann Companys bonds have 2 years remaining to maturity. Interest is paid annually; the...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Beacon...

Accounting
Q

What is the DuPont identity? What are the components of the statement of cash flows?...

Accounting
Q

Sale of a Principal Residence. Mr. and Mrs. Rusbarsky purchased a residence on June 12,...

Accounting
Q

In Oriole Companys income statement, they report gross profit of $46000 at standard and the...

Accounting