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On August 1, 2023, the board of directors declared a 10% stock dividend, to be distributed on September 15. The market price of Ivanhoe's common
On August 1, 2023, the board of directors declared a 10% stock dividend, to be distributed on September 15. The market price of Ivanhoe's common shares was $34 on August 1 and $37 on September 15. What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
10th edition
1260481956, 1260310175, 978-1260481952
