Question

company authorised shares 100000 of 5 par common stock issued 50000 shares at 6 rupees. subsequently,the company declared 2%of stock dividend on a date when the market price was 11 rupees par share.what are the no.of stocks issued in stock dividend​

Answer 1

Answer:

A stock dividend, a method used by companies to distribute wealth to shareholders, is a dividend payment made in the form of shares rather than cash. Stock dividends are primarily issued in lieu of cash dividends when the company is low on liquid cash on hand. The board of directors decides on when to declare a (stock) dividend and in what form the dividend will be paid.

Answer 2

Answer:

2356898654322246890854258