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Samuel Corporation declared and distributed a 10 percent stock dividend on its $5 par common stock in November. 10,000 shares of common were authorized, 8,000
Samuel Corporation declared and distributed a 10 percent stock dividend on its $5 par common stock in November. 10,000 shares of common were authorized, 8,000 were issued and outstanding at the declaration. The market value on the date of declaration was $12 per share. The amount credited to Paid-in-Capital in Excess of Par Value-Common Stock is:
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