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Tolox Corp has 3,000,000 shares of common stock outstanding. The par value is $0.05 per share and its market price is $92.28 per share. Its
Tolox Corp has 3,000,000 shares of common stock outstanding. The par value is $0.05 per share and its market price is $92.28 per share. Its Board of Directors declares a dividend of an additional 450,000 shares. Record the transaction.
I know how to find the Retained Earnings, but could someone please explain how to find APIC- Common Stock and Common Stock Distributable?
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