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Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price
Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. What is the debit to Retained Earnings for the value of the stock dividend? O $320,000 O $40,000,000 O $64,000 O $1,600,000
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
