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Question
on january 1, edmiston corporation had 1,200,000 shares of $10 par value common stock outstanding. on march 31 the company declared a 10% stock dividend. market value of the stock was $15/share. as a result of this event,
a.edmistons paid-in capital in excess of par value account increased $600,000
b.edmistons total stockholders equity was unaffected
c.edmistons stock dividends account increased $1,800,000
d.all of the above
Answer
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