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is this correct Fortune, Inc, declares and issues a 40% common stock dividend when it has 1000 shares of 54 par common stock outstanding the
is this correct 
Fortune, Inc, declares and issues a 40% common stock dividend when it has 1000 shares of 54 par common stock outstanding the market value of the common stock is $20, the journal entry to record the largesto dividend would include CREDIT to Additional Paid in Capital $640.000 ODEBIT to Retained Earnings. $800,000 O CREDIT to Common Stock. $160,000 DEBIT to Cash, $800,000 O CREDIT to Common Stock, $800.000 Step by Step Solution
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Cost Accounting A Managerial Emphasis Revised
Authors: Charles T. Horngren, Monte Wynder, William Maguire, Rebecca Tan, Srikant Datar, Lester E. Heitger
1st Australian Edition
1442554770, 978-1442554771
