Cody’s Western Wear has 2,000 shares of $10 par value common stock outstanding.

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

The market value of the stock at that time was $16 per share. Cody’s total stockholders’ equity should increase or decrease by __________. Again sorry didn't have enough room for it all.

A. $0

B. $1,200

C. $2,000

D. ($3,200

Feb 5th, 2015

since the company gave 10% stock divident so, no. of shares would be 2200, a increase by 200,

so, the increase in shares equity would be 200 shares at the market value of $16 = 200*16 = $ 3200



Please select my answers if they were helpful to you. Please appreciate my help. :)


Feb 5th, 2015

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