A company with 100,000 authorized shares of $4 par common stockissued 40,000 shares at $8. Subsequently, the
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Question:
A company with 100,000 authorized shares of $4 par common stockissued 40,000 shares at
$8. Subsequently, the company declared a 2% stock dividend on adate when the market price
was $11 a share. What is the amount transferred from the retainedearnings account to paid-in
capital accounts as a result of the stock dividend?
Expert Answer:
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