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A company issues a 4 % stock dividend when the price of the stock was $6 per share.The company has 20 million common shares outstanding prior to the stock dividend.How would the company account for this stock dividend?
Appraised Fair Value
The estimated market value of an asset as determined by a formal assessment or valuation process.
Cost
The amount of money or resources expended to acquire an asset, produce a product, or deliver a service.
Book Value
The amount of an asset or liability according to its balance sheet account, minus any depreciation, amortization, or impairment costs.
Inventory Items
Goods and materials that a business holds for the ultimate goal of resale or production.
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