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Author Question: Betta Group has 360,000 shares of $3-par common stock outstanding. They have declared a 6% stock ... (Read 188 times)

Metfan725

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Betta Group has 360,000 shares of $3-par common stock outstanding. They have declared a 6% stock dividend. The current market price of the common stock is $8.50/share. What is the amount that will be debited to Retained Earnings on the date of declaration?
◦ $21,600
◦ $64,800
◦ $183,600
◦ $248,400


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Marked as best answer by Metfan725 on Feb 18, 2020

Jmfn03

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Metfan725

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Reply 2 on: Feb 18, 2020
:D TYSM


Bigfoot1984

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Reply 3 on: Yesterday
Excellent

 

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