A friend of yours receives a stock dividend on an investment. She believes stock dividends are the

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A friend of yours receives a stock dividend on an investment. She believes stock dividends are the same as cash dividends. Explain why the two are not the same.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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