In the Owl Co. entry to record the declaration and issuance of a common stock dividend...

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In the Owl Co. entry to record the declaration and issuance of a common stock dividend of 15,000 shares when there are 50,000 common stock shares outstanding before this declaration at $3 par and $50 market price, what is the increase to the Additional-Paid-In Capital Account? No Effect 80,000 1,880,000 2,000,000 In the Owl Co. entry to record the declaration and issuance of a common stock dividend of 15,000 shares when there are 50,000 common stock shares outstanding before this declaration at $3 par and $50 market price, what is the increase to the Additional-Paid-In Capital Account? No Effect 80,000 1,880,000 2,000,000

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Number of outstanding common shares 50000 Number of shares issued in the stock dividend 1500... View the full answer