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On August 8, Koch & Dietz Corporation has 3,000,000 shares of its $5 par common shares outstanding. The current market value of the shares is
On August 8, Koch & Dietz Corporation has 3,000,000 shares of its $5 par common shares outstanding. The current market value of the shares is $7.60. Koch & Dietz issued a stock dividend of 400,000 shares. What is the effect on retained earnings?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
