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On June 30,2017,Martin Brothers,Inc

question 54

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On June 30,2017,Martin Brothers,Inc.showed the following data on the equity section of their balance sheet:
On June 30,2017,Martin Brothers,Inc.showed the following data on the equity section of their balance sheet:   On July 1,2017,the company declared and distributed a 9% stock dividend.The market value of the stock at that time was $16 per share.Following this transaction,what is the balance of Paid-In Capital in Excess of Par-Common? A) $221,400 B) $546,750 C) $270,000 D) $459,000
On July 1,2017,the company declared and distributed a 9% stock dividend.The market value of the stock at that time was $16 per share.Following this transaction,what is the balance of Paid-In Capital in Excess of Par-Common?


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