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On January 1, Concord Corporation had 730000 shares of $10 par value common stock outstanding. On March 31, the company declared a 5% stock dividend.
On January 1, Concord Corporation had 730000 shares of $10 par value common stock outstanding. On March 31, the company declared a 5% stock dividend. Market value of the stock was $15/share. As a result of this event, O Concord Paid-in Capital in Excess of Par account increased $182500. O Concord total stockholders' equity was unaffected. O Concord Stock Dividends account increased $547500. O All of these answer choices are correct
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