B . weighted by the number of days outstanding .
C . considered outstanding at the beginning of the earliest year reported .
D . weighted by the number of months outstanding .
13 ) On May 1 , 2007 , Kent Corp . declared and issued a 10 % common stock dividend . Prior to this dividend , Kent had 100,000 shares of $ 1 par value common stock issued and outstanding . The fair value of Kent „ s common stock was $ 20 per share on May 1 , 2007 . As a result of this stock dividend , Kent ‟ s total stockholders ‟ equity
A . decreased by $ 10,000 . B . increased by $ 200,000 . C . did NOT change . D . decreased by $ 200,000 .
14 ) Palmer Corp . owned 20,000 shares of Dixon Corp . purchased in 2003 for $ 240,000 . On December 15 , 2006 , Palmer declared a property dividend of all of its Dixon Corp . shares on the basis of one share of Dixon for every 10 shares of Palmer common stock held by its stockholders . The property dividend was distributed on January 15 , 2007 . On the declaration date , the aggregate market price of the Dixon shares held by Palmer was $ 400,000 . The entry to record the declaration of the dividend would include a debit to Retained Earnings of
A . $ 240,000 . B . $ 0 . C . $ 400,000 . D . $ 160,000 .