Question
A company with 87,387 authorized shares of $8 par common stock issued 31,856 shares at $14 per share. Subsequently, the company declared a 2% stock
A company with 87,387 authorized shares of $8 par common stock issued 31,856 shares at $14 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $21 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
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Auditing A Complete Guide Practical Tools For Self Assessment
Authors: Gerardus Blokdyk
1st Edition
0655424571, 978-0655424574
