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Huang Inc. had 300,000 shares authorized and 100,000 ($1 par value) shares issued and outstanding. The company issues a 41% stock dividend. The market
Huang Inc. had 300,000 shares authorized and 100,000 ($1 par value) shares issued and outstanding. The company issues a 41% stock dividend. The market price of the stock is $100 before the dividend. How many total shares outstanding does Huang Inc. have after the stock dividend is issued?
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
12th edition
77862228, 978-1259283567, 1259283569, 978-0077862220
