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Unformatted text preview: Declared and issued a 5% stock dividend (200,000 shares) at a time when the market value the stock was $6 per share. Reacquired 15,000 treasury shares at $5 per share. Declared and paid cash dividends of $100,000. Reported net income for the full year of $1,500,000....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11