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A-Dor Ltd. declares a 10% share dividend on December 31, 2015. Currently A-Dor has 20,000 shares outstanding. The market value of the shares on the
A-Dor Ltd. declares a 10% share dividend on December 31, 2015. Currently A-Dor has 20,000 shares outstanding. The market value of the shares on the date of declaration is $3 per share. The value to be assigned to this share dividend is: a) $5,000. b) $8,000 c) $2,000. d) $6,000. e) $9,000
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 978-0138596873
