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On January 1, 2019, Metco Inc. reported 411,050 shares of $5 par value common stock as being issued and outstanding. On March 24, 2019, Metco
On January 1, 2019, Metco Inc. reported 411,050 shares of $5 par value common stock as being issued and outstanding. On March 24, 2019, Metco Inc. purchased for its treasury 3,600 shares of its common stock at a price of $37 per share. On August 19, 2019, 1,450 of these treasury shares were sold for $43 per share. Metco's directors declared cash dividends of $1.50 per share during the second quarter and again during the fourth quarter, payable on June 30, 2019, and December 31, 2019, respectively. A 4% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. Problem 8-26 (Static) Part e e. Calculate the number of shares of stock issued in the stock dividend. Stock dividend shares
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