Question
A company had outstanding 50,000 shares of $10 par value common stock. During the period a 10% stock dividend was declared and distributed. The market
A company had outstanding 50,000 shares of $10 par value common stock. During the period a 10% stock dividend was declared and distributed. The market value was $25 a share. As a result of this dividend, retained earnings should increase (decrease) by an amount of a. $0 b. $(50,000) c. $(125,000) d. $50,000
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Strategic Market Management
Authors: David A. Aaker
4th Edition
0471309567, 9780471309567
