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Islands Co. has 200,000 outstanding common shares. On Dec 30, 2013, Islands declared a 3% stock dividend. The stock market price of Islands' common share

Islands Co. has 200,000 outstanding common shares. On Dec 30, 2013, Islands declared a 3% stock dividend. The stock market price of Islands' common share was $15 on Dec 30, 2013. How much should be recognized as dividends? $6,000 $60,000 $90,000 $84,000

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