Muhgee Muhgee
  • 07-12-2022
  • Business
contestada

A company with 86,000 authorized shares of $7 par common stock issued 31,000 shares at $13. Subsequently, the company declared a 2% stock dividend on a date when the market price was $23 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?

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