Question
On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $60,000. On October 31, 2013 Mehrzad recorded a
On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $60,000. On October 31, 2013 Mehrzad recorded a stock dividend of 10% when the market price of the stock was $7/share. What will be the amount deducted from retained earnings?
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Managing Financial Resources
Authors: Mick Broadbent, John Cullen
3rd Edition
1138134546, 978-1138134546
