Question 15 (3 points) The stockholders' equity section of the December 31, 2019, balance sheet...
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Question 15 (3 points) The stockholders' equity section of the December 31, 2019, balance sheet for Rustic Exteriors, Inc. before its recent stock dividend: Common Stock, $5 par, 100,000 $ 500.000 shares issued and outstanding Additional Paid-in Capital, 100,000 Common Stock Retained Earnings 725.000 Total Stockholders' Equity $1,325,000 Rustic declared a 10% stock dividend when the market price per share was $8.00. After the stock dividend, the components of Inglenook's stockholders' equity section were: Rustic declared a 10% stock dividend when the market price per share was $8.00. After the stock dividend, the components of Inglenook's stockholders' equity section were: Retained Earnings Common Stock $ 580,000 Additional Paid-in Capital $100,000 $645,000 Common Stock $550,000 Additional Paid-in - Capital $100,000 Retained Earnings $805,000 in Common Stock $580,000 Capital $130,000 Retained Earnings $805,000 Common Stock $550,000 Additional Paid-in Capital $130,000 Retained Earnings $645,000 Question 17 (3 points) The Premium on Bonds Payable account is shown on the balance sheet as O a contra asset. O a reduction of an expense. O a separate valuation account that increases the bond liability to market value at the issue date. a subtraction from a long-term liability
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