On october 1 2016 chief corporation declared and issued a 6, Ask an Expert

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On October 1, 2016, Chief Corporation declared and issued a 6% stock dividend. Before this date, Chief had 90,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will:

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92012465

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