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is the answer: 1. choice a 2. choice b 3. choice c 4. choice d Rocco Corporation decides to issue a 7.5% stock dividend on
is the answer:
1. choice a
2. choice b
3. choice c
4. choice d
Rocco Corporation decides to issue a 7.5% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution is made at the time the market value of the stock is $50 a share. How will the entry to record this transaction affect the company's equity accounts? Common Paid-in Capital in Excess of Par Value- Common Retained Earnings $ (50,0e0) $ (15,000) $ (75,000) $ (100,000) Stock A. $200,000 B. $ 15,000 C. 15,000 D. $100,000 $300,000 NA 60,000 NA
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