| DORA Company declared and distributed a 25% stock dividend on 17,000 shares of issued and outstanding $5 par value common stock. The market price per share on the declaration date was $13 and was $12 on the distribution date. Which of the following correctly describes the accounting for the declaration and distribution of the stock dividend? |
| Retained earnings decreased $55,250. | |
| Retained earnings decreased $51,000. | |
| Capital in excess of par increased $29,750. | |
| Common stock increased $55,250. Don't use plagiarized sources. Get Your Custom Essay on financial accounting urgent 420966 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page |
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