Question
On August 1, Walmart had 66,000 common shares outstanding. On this day their board of directors declared a 5% share dividend. The fair market value
On August 1, Walmart had 66,000 common shares outstanding. On this day their board of directors declared a 5% share dividend. The fair market value of each share was $10.
Calculate the number of shares being issued as a share dividend (not the value).
Ans:
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Auditing And Assurance Services
Authors: David Ricchiute
5th Edition
0538869526, 978-0538869522
