Question
A company has 478,000 shares of $10 par value common stock outstanding. During the year, the company declared a 12% stock dividend when the market
A company has 478,000 shares of $10 par value common stock outstanding. During the year, the company declared a 12% stock dividend when the market price of the stock was $30 per share. As a result of the dividend declared during the year, retained earnings decreased by (if r/e is not affected, then enter 0):
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
