Business, 14.11.2019 01:31 vanessaporter1545

On october 1, 2018, chief corporation declared and issued a 10% stock dividend. before this date, chief had 80,000 shares of $5 par common stock outstanding. the market value of chief corporation on the date of declaration was $10 per share. as a result of this dividend, chief's retained earnings will:
multiple choice
a. decrease by $80,000
b. not change
c. decrease by $40,000
d. increase by $80,000

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On october 1, 2018, chief corporation declared and issued a 10% stock dividend. before this date, ch...

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