Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
H3Ko H3Ko
wrote...
Posts: 4891
8 years ago
Nice International originally issued 105,000 shares of common stock at a price of $22 per share. A year later, it distributed a 12% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $27 per share. Which of the following statements is true?
A) Nice will record sales revenues of $277,200.
B) Nice will record a gain of $63,000.
C) Nice will record a loss of $63,000.
D) Nice will record neither a gain nor a loss.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 420 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
Top Poster
Posts: 1272
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  2146 People Browsing
Related Images
  
 279
  
 371
  
 437
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 365