Chaney Company has outstanding 25,000 shares of ($ 10) par value common stock. It also has ($
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Chaney Company has outstanding 25,000 shares of \(\$ 10\) par value common stock. It also has \(\$ 405,000\) of retained earnings. Near the current year-end, the company declares and pays a cash dividend of \(\$ 1.90\) per share and declares and issues a \(4 \%\) stock dividend. The market price of the stock the day the dividends are declared is \(\$ 35\) per share. Use the financial statement effects template to indicate the effects of these
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Related Book For 
Financial Accounting For MBAs
ISBN: 9781934319345
4th Edition
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
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