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A) Bob's company issued 20,000 shares of its $1

Accounting

A) Bob's company issued 20,000 shares of its $1.00 par common stock on January 1 for $6.00 per share. On July 7, the company declared a 10% stock dividend when the market value of the shares was $8.00. How many shares were outstanding after the dividend?

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  A) Shares outstanding after dividend  
    20,000*110%      
    22000 shares      
             
             
    Answer        
    22000 shares      
             
           

 

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