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On January 1 , Pina Colada Corp. had 7 7 0 0 0 0 shares of $ 1 0 par value common stock outstanding. On
On January Pina Colada Corp. had shares of $ par value common stock outstanding. On March the company declared a stock dividend. Market value of the stock was $ share. As a result of this event,
Pina's Paidin Capital in Excess of Par Value account increased $
Pina's total stockholders' equity was unaffected.
Pina's Stock Dividends account increased $
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