On January 1, 2016, the accounts of Mac Corporation showed the following: During 2016, the following transactions occurred which affected stockholders' equity (in the order given):
A.Issued a 100% stock dividend when the market price was at $5 per share.
B.Purchased treasury stock, 1,000 shares, at a total cost of $8,000.
C.Declared and paid cash dividends, $15,000.
D.Net income for 2016, $25,000.

Question

On January 1, 2016, the accounts of Mac Corporation showed the following:  During 2016, the following transactions occurred which affected stockholders' equity (in the order given): 
A.Issued a 100% stock dividend when the market price was at $5 per share.
B.Purchased treasury stock, 1,000 shares, at a total cost of $8,000.
C.Declared and paid cash dividends, $15,000.
D.Net income for 2016, $25,000.

Quizplus · Accepted Answer

The Answer of On January 1, 2016, the accounts of Mac Corporation showed the following:  During 2016, the following transactions occurred which affected stockholders' equity (in the order given): 
A.Issued a 100% stock dividend when the market price was at $5 per share.
B.Purchased treasury stock, 1,000 shares, at a total cost of $8,000.
C.Declared and paid cash dividends, $15,000.
D.Net income for 2016, $25,000.

On January 1, 2016, the Accounts of Mac Corporation Showed