Swifty Inc. has retained earnings of $790000 and total stockholders' equity of $1910000. It has 306000 shares of $5 par value common stock outstanding, which is currently selling for $32 per share. If Swifty declares a 9% stock dividend on its common stock: retained earnings will decrease by $881280 and total stockholders' equity will increase by $881280. O net income will decrease by $137700. O retained earnings will decrease by $881280 and total paid-in capital will increase by $881280. O retained earnings will decrease by $137700 and total stockholders' equity will increase by $137700. eTexthocok and Media

Swifty Inc. has retained earnings of $790000 and total stockholders' equity of $1910000. It has 306000 shares of $5 par value common stock outstanding, which is currently selling for $32 per share. If Swifty declares a 9% stock dividend on its common stock: retained earnings will decrease by $881280 and total stockholders' equity will increase by $881280. O net income will decrease by $137700. O retained earnings will decrease by $881280 and total paid-in capital will increase by $881280. O retained earnings will decrease by $137700 and total stockholders' equity will increase by $137700. eTexthocok and Media

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...

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