Business, 21.04.2020 00:42 tiannacorreastamas
On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this dividend, Concord had 207000 shares of $1 par value common stock issued and outstanding. The fair value of Concord's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Concord's total stockholders' equity:
A. increased by $476100.
B. decreased by $23000.
C. decreased by $476100.
D. did not change.
Answers: 3
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On May 1, 2021, Concord Corporation declared and issued a 10% common stock dividend. Prior to this d...
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