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    Financial Accounting Study Set 27
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    Exam 11: Corporations: Organization, Stock Transactions, and Stockholders Equity
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    Saint, Inc
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Saint, Inc

Question 135

Question 135

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Saint, Inc. declares a 15% common stock dividend when it has 30,000 shares of $10 par value common stock outstanding. If the market value of $24 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are: Saint, Inc. declares a 15% common stock dividend when it has 30,000 shares of $10 par value common stock outstanding. If the market value of $24 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are:

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