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On June 30, 2015, Roger Company Showed the Following Data

question 144

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On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in the Common stock account? A) $147,000 B) $26,000 C) $66,000 D) $246,000 On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new balance in the Common stock account?

Definitions:

Profit

The difference between what it costs to make and sell a product and what a customer pays for it.

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