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bravata bravata
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7 years ago
Mike's Motors has 200,000 shares of $5-par common stock outstanding. They have declared a 10% stock dividend. The current market price of the common stock is $11/share. The amount that will be credited to Common Stock on the date of declaration is:
A) $100,000.
B) $320,000.
C) $220,000.
D) $120,000.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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#2
7 years ago
Thank you so much

I wish I knew about this years ago
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