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Just before Angie Inc, issued a 15% stock dividend on November 1, the following data were collected: Retained earnings.......$750,000 Shares outstanding......$ 10,000 Market value per
Just before Angie Inc, issued a 15% stock dividend on November 1, the following data were collected:
Retained earnings.......$750,000
Shares outstanding......$ 10,000
Market value per share.. $15
Par value per share....... $ 5
Shares issued......... 12,000
The amount that total stockholders' equity will increase (decrease) as a result of recording the stock dividend is:
| 7,500
|
| (9,000)
|
| 22,500
|
| None of the above
|
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