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You own 20,000 shares of National Co. stock. The company is planning to issue a stock dividend. Before the dividend, you owned 10 percent of the outstanding stock, which had a market value of P250,000, or P10 per share. Upon receiving the 10 percent stock dividend the value of his shares is *

You own 20,000 shares of National Co. stock. The company is planning to issue a stock dividend. Before the dividend, you owned 10 percent of the outstanding stock, which had a market value of P250,000, or P10 per share. Upon receiving the 10 percent stock dividend the value of his shares is *

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You own 20,000 shares of National Co. stock. The company is planning to issue a stock dividend. Before the dividend, you owned 10 percent of the outstanding stock, which had a market value of P250,000, or P10 per share. Upon receiving the 10 percent stock dividend the value of his shares is * Format: 111,111
Transcribed Image Text:You own 20,000 shares of National Co. stock. The company is planning to issue a stock dividend. Before the dividend, you owned 10 percent of the outstanding stock, which had a market value of P250,000, or P10 per share. Upon receiving the 10 percent stock dividend the value of his shares is * Format: 111,111
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