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Concin Has the Following Equity Accounts on Its Balance Sheet

question 154

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Concin has the following equity accounts on its balance sheet: Concin has the following equity accounts on its balance sheet:   The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account? A) No change B) Increase of $225,000 C) Increase of $54,000 D) Increase of $21,600,000 The current market price of Concin's stock is $24.25. If the firm declares a 10% stock dividend followed by a $0.06 per share cash dividend, what will be the impact on the Common stock account?


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