=+LG 5 P1411 Stock dividend: Investor John McKay holds 500 common shares of Smart Life Corporation. The

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=+LG 5 P14–11 Stock dividend: Investor John McKay holds 500 common shares of Smart Life Corporation. The corporation has 50,000 shares outstanding. The current price per share is $25. Smart Life Corporation has reported earnings available to common stockholders of $220,000. The firm intends to retain its earnings and pay a 10% stock dividend.

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