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

Accounting Aug 05, 2020

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?

Expert Solution



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


	Answer
	22000	shares

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