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On January 1, Pharoah's Plumbing Supply Corporation had 2300000 shares of $10 par value common stock outstanding. On March 31 , the company declared a
On January 1, Pharoah's Plumbing Supply Corporation had 2300000 shares of $10 par value common stock outstanding. On March 31 , the company declared a 10% stock dividend. The market value of the stock was $15/5 hare. As a result of this event, Paid-in Capital in Excess of Par account increased $1150000. total stockholders' equity was unaffected. Stock Dividends account increased $3450000. All of these answer choices are correct
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