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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
Salty's Seafood has 2,000 shares of $10 par common stock outstanding. During the current year, the company distributed a 10% stock dividend. The market value of the stock at that time was $16/share. After the distribution, Salty's total Stockholders' Equity should increase or decrease by:
A) ($3,200).
B)  $2,000.
C)  $1,200.
D)  $0.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
You make an excellent tutor!
jblazah
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Yesterday
Helped a lot
jamesbove
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2 hours ago
Good timing, thanks!
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