AVA COMPANY

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Question 10 O out of 0.5 points The shareholders' equity of Ava Company on January 1, 2017, included the following: $256,849 Common stock, $0.7 par; authorized, 800,000 shares; You will need to calculate the issued shared Paid-in capitalexcess of par Retained earnings -hs 55,621 $500,000 On April 1, 2017, the board of directors of Ava declared a 14% stock dividend on common shares, to be distributed on June 1. The market price of Ava's common stock was $13 on April 1, 2016, and $16 on June 1, 2016. On June 1, how many shares will be distributed to shareholders as a result of this stock dividend