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Company G purchases 250 shares of stock at $20 per share. It then receives a 10% stock dividend. Several months later it decides to sell
Company G purchases 250 shares of stock at $20 per share. It then receives a 10% stock dividend. Several months later it decides to sell 50 shares at $18 per share.
(a) After the stock dividend, what was the new cost per share?
(b) Prepare any necessary journal entries for these transactions
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