A company issued 40000 shares of 5 common stock at 8. the, Ask an Expert

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A company issued 40,000 shares of $5 common stock at $8. The company has now issued a 5% stock dividend when the market price of the stock is $10 a share. What is the amount transferred from the Retained earnings account to the Paid-in capital accounts as a result of the stock dividend?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962449

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