Credited to common stock account

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Reference no: EM133971255

Question

The Matt Tress Sofa Company has 14,000 shares of $2 par common stock outstanding. On August 22, 20X1, a 4% stock dividend was declared to be distributed on September 30, 20X1. The market value of the stock on August 22 was $22; the market value on September 30 was $19. What is the amount to be credited to the Common Stock account on September 30?

Reference no: EM133971255

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