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Author Question: Danio Corp. has 380,000 shares of $4-par common stock outstanding. They have declared a 5% stock ... (Read 140 times)

tfester

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Danio Corp. has 380,000 shares of $4-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50/share. What is the amount that will be credited to common stock on the date of declaration?
◦ $218,500
◦ $19,000
◦ $76,000
◦ $142,500


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Marked as best answer by tfester on Feb 18, 2020

tkempin

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tfester

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


diana chang

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Reply 3 on: Yesterday
Excellent

 

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