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On January 1, Skysong, Inc. had 640000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend.

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On January 1, Skysong, Inc. had 640000 shares of $10 par value common stock outstanding. On March 31 the company declared a 15% stock dividend. Market value of the stock was $20/share. As a result of this event. Skysong's Paid-in Capital in Excess of Par Value account increased $960000 Skysong's total stockholders' equity was unaffected. Skysong's Stock Dividends account increased $1920000 All of these answer choices are correct. In Sheridan Company, land decreased $221400 because of a cash sale for $221400, the equipment account increased $73800 as a result of a cash purchase, and bonds payable increased $246000 from issuance for cash at face value. The net cash provided by investing activities is $172200. $147600 $221400 $393600

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