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Business, 03.07.2019 01:30 personm21

Riverton, inc. declares a small stock dividend of 8.0% of the outstanding shares of common stock. currently, riverton, inc. has 1,500,000 shares of $1 par value common stock outstanding. the current market price of the stock is $121.28 per share. riverton partners will record a stock dividend in the amount of: a. $ 1,300,000 b. $98,540,000 c. $13,613,600 d. $14,553,600 e. none of the above

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