Noah's Board of Directors decided to issue a 10 percent stock dividend on the 910 outstanding shares of its $2 par value
Posted: Tue Jul 05, 2022 1:37 pm
Noah's Board of Directors decided to issue a 10 percent stockdividend on the 910 outstanding shares of its $2 par value commonstock. Market price at the time of the stock dividend was $10 pershare. The account Paid in Capital (PIC) in excess of par would beincreased by what amount in total as a result of this dividend.