Question: Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price

Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price

Question 40 2 pts A company declared and distributed an 8% dividend on 800,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $25. What is the debit to Retained Earnings for the value of the stock dividend? O $320,000 O $40,000,000 O $64,000 O $1,600,000 Question 41 100.000 shares of $10 par valu

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