Dutta Corp. has outstanding 60,000 shares of ($ 5) par value common stock. At yearend, the company
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Dutta Corp. has outstanding 60,000 shares of \(\$ 5\) par value common stock. At yearend, the company declares and issues a \(4 \%\) common stock dividend when the market price of the stock is \(\$ 23\) per share. Use the financial statement effects template to indicate the effects of this stock dividend declaration and payment.
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Related Book For 
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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