asked 164k views
5 votes
Allied industries,has 250,000 shares of$7-par common stock outstanding. They''ve declared a 7% stock dividend. The currentmarket price of the common stock is $11/share. What amount that will be credited to Paid-in- Capital in Excess of Par Common Stock on the date of declaration?

asked
User Sharleen
by
8.3k points

1 Answer

3 votes

Answer:

Explanation:

2224

answered
User Phil Loden
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8.4k points
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