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A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
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A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
Transcribed Image Text:A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $ 770,000 62,000 $ 17 $5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:
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