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What will the balance in the share capital

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Question 1: Royal company has 10,000 shares of ordinary shares outstanding with a par value ETB 1,00 per share. the market value is ETB 8,00 per share. the statement of financial position shows ETB 10,000 in the share capital--ordinary shares account ,ETB 32,500 in additional paid -in-capital-ordinary shares account and ETB 42,700 in the retained earnings account . the firm just declared a 10% stock dividend . what will the balance in the share capital -- ordinary shares account be after the 10% stock dividend ?

A, ETB 10,00

B, ETB 11,000

C, ETB 18,000

D, ETB 17,000

Reference no: EM132553906

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