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Explain about the recording of the stock dividend

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Reference no: EM132825435

Problem 1: The Mulieri Company was authorized to issue 100,000 shares of common stock with a $10 par value. The company issued 30,000 shares for cash of $15 per share. Later, when the shares were selling for $20 per share on a stock exchange, the company issued another 9,000 shares as a stock dividend. Explain about the recording of the stock dividend?

Reference no: EM132825435

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