beta Grophas S 000 shares or spar oom mon stock outstanding

beta Grophas S 000 shares or s-par oom mon stock outstanding They have declared a 6% stock dividend. The ament market price or the common stock is on the date of declaration? O A. $64.800 O B. $248 400 ? C. $21,600 O D. $183,600 ?? 2 4 8

Answer: The correct answer is D i.e. $183,600

Retained Earnings = Common shares * stock dividend * market price of common stock
Retained Earnings = 360,000 * 6% * $8.50
Retained Earnings = $183,600