On August 8, Koch & Dietz Corporation has 3,000,000 shares of its $5 par common shares outstanding.

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On August 8, Koch & Dietz Corporation has 3,000,000 shares of its $5 par common shares outstanding. The current market value of the shares is $7.60. Koch & Dietz issued a stock dividend of 400,000 shares. What is the effect on retained earnings?

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Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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Posted Date: Feb 27, 2024 11:19 PM

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On August 8, Koch & Dietz Corporation has 3,000,000 shares of its $5 par common shares outstanding.

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When Koch Dietz Corporation issues a stock dividend of 400000 shares there is no direct impact on re... View the full answer

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