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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Elite Electrical has 350,000 shares of $3-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50/share. The amount that will be credited to common stock on the date of declaration is:
A) $52,500.
B) $131,250.
C) $78,750.
D) $183,750.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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antonio_johnantonio_john
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7 years ago
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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#2
6 years ago
Let me just say, you are awesome Smiling Face with Open Mouth
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