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Home Q & A Board Other Fields Homework Help Business Accounting
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priyan priyan
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5 years ago
MNO declared a stock dividend when it had 40,000 shares outstanding. After issuing the
dividend, 7,200 additional shares and 4,000 fractional share rights were outstanding. If it required
five fractional share rights to acquire a new share, this dividend must have been a:
A) 5 percent stock dividend.
B) 10 percent stock dividend.
C) 15 percent stock dividend.
D) 20 percent stock dividend.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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Stones M.Stones M.
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priyan Author
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#2
5 years ago
Such an awesome helper!
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