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On May 1, 2021, Crane Company declared and issued a 10% common stock dividend. Prior to this dividend, Crane had 190000
Posted: Sun Jun 05, 2022 9:00 pm
by answerhappygod
- On May 1 2021 Crane Company Declared And Issued A 10 Common Stock Dividend Prior To This Dividend Crane Had 190000 1 (38.65 KiB) Viewed 42 times
On May 1, 2021, Crane
Company declared and issued a 10% common stock dividend. Prior to this dividend, Crane had 190000 shares of $1 par value common stock issued and outstanding. The fair value of Crane's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Crane's total stockholders' equity O decreased by $23000. O decreased by $437000. O did not change. O increased by $437000.