Danny inc issued a 100 stock dividend of its common stock, Ask an Expert

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Danny Inc. issued a 100% stock dividend of its common stock which had a par value of $.01, and a market value of $123 on declaration date and $62 on payment date. At what amount should retained earnings be capitalized for the additional shares issued?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91628135

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