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Question 8 On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000 shares of
Question 8 On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000 shares of $1 par value common stock issued and outstanding. The fair value of Concord's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Concord's total stockholders' equity O increased by $476100. O decreased by $23000. O decreased by $476100. O did not change
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