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A company with 20,000 shares of $5 par value common stock outstanding issues a 30% stock dividend. The current market value of the stock is
A company with 20,000 shares of $5 par value common stock outstanding issues a 30% stock dividend. The current market value of the stock is $15 a share. The entry to record the dividend includes a debit to Retained Earnings (or Dividends Paid) of: A. $6,000 B. $30,000 C. $90,000 D. Some other amount
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
4th Canadian Edition
0470155353, 978-0470155356
