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Queensboro Corp. issued 10,000 shares of $20 par common stock at $18 per share. Later, the company purchased 3,000 of these shares from the shareholders.
Queensboro Corp. issued 10,000 shares of $20 par common stock at $18 per share. Later, the company purchased 3,000 of these shares from the shareholders. If Queensboro later declares a 15% stock dividend, they should distribute an additional _____ shares:
1,050 |
1,950 |
450 |
1,500 |
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