On May 18, 2013, the Kingston Company has 6,400 shares of $10 par value common stock outstanding.

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On May 18, 2013, the Kingston Company has 6,400 shares of $10 par value common stock outstanding. The stock is currently trading at $12 per share.

1. How many new shares are issued if the Kingston Company declares and pays a 6% stock dividend?

2. What is the amount debited to retained earnings for the stock dividend?

3. How many new shares are issued if the Kingston Company declares and pays a 31% stock dividend?

4. What is the amount debited to retained earnings for the stock dividend?

Related Book For answer-question

Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Posted Date: Jan 10, 2021 05:03 AM

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On May 18, 2013, the Kingston Company has 6,400 shares of $10 par value common stock outstanding.

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1 How many new shares Girl Issued I... View the full answer

Investment Analysis and Portfolio Management

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