Question
on January 31, Village bank had 50,000 shares of $3 per value common stock outstanding. on that date, the company declared a 10% stock dividend
on January 31, Village bank had 50,000 shares of $3 per value common stock outstanding. on that date, the company declared a 10% stock dividend when the market price of the stock was $62 per share. The immediate effect of this dividend upon Village bank was:
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Management Accounting
Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen
6th Edition
0077185536, 978-0077185534
