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C. Beta Company declared a 10% stock dividend on September 1, distributable on October 1, to record owners on September 15. There were 500,000

C. Beta Company declared a 10% stock dividend on September 1, distributable on October 1, to record owners on September 15. There were 500,000 shares outstanding on September 1. The stock's par value is $3 and its market value was $30 on September 1. (5)

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