Question
Question Content Area A company with 85,167 authorized shares of $7 par common stock issued 35,061 shares at $16 per share. Subsequently, the company declared
Question Content Area A company with 85,167 authorized shares of $7 par common stock issued 35,061 shares at $16 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $29 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
