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Sara Corporation has 60,000 shares of $6 par valuecommon stock outstanding. It declared a 15% stock dividend on May 1when the market price per share

Sara Corporation has 60,000 shares of $6 par valuecommon stock outstanding. It declared a 15% stock dividend on May 1when the market price per share was $10. The shares were issued onJune 1.The 1 answer

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