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Meta Inc. has 50,000 shares of $2 par value common stock outstanding and retained earnings of $100,000. a. If Meta declares and distributes a 5%
Meta Inc. has 50,000 shares of $2 par value common stock outstanding and retained earnings of $100,000.
a. If Meta declares and distributes a 5% stock dividend when the fair value of the stock is $5 per share, what is the balance in Retained Earnings after the stock dividend?
b. If Meta declares and distributes a 40% stock dividend when the fair value of the stock is $5 per share, what is the balance in Retained Earnings after the stock dividend?
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
