Question
No-Treble Corporation has issued 900,000 shares of $9 par value common stock and has 600,000 shares outstanding. The corporation declares a 35% stock dividend when
No-Treble Corporation has issued 900,000 shares of $9 par value common stock and has 600,000 shares outstanding. The corporation declares a 35% stock dividend when the fair value of the stock is $40 per share. The stock dividend declaration results in what amount being entered to retained earnings?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, Maureen Sterling
7th Canadian Edition
1260065952, 978-1260065954
