On January 1, Concord Corporation had 1300000 shares of $10 par value common stock outstanding. On M

 
   

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On January 1, Concord Corporation had 1300000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $12/share. As a result of this event,

Concord’s Paid-in Capital in Excess of Par Value account increased $390000.

Concord’s total stockholders’ equity was unaffected.

Concord’s Stock Dividends account increased $2340000.

All of these answers choices are correct.