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Company?s board of directors authorized a 10% common stock dividend on March 31

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The Blue Sky Company?s board of directors authorized a 10% common stock dividend on March 31 to be distributed to shareholders on April 30. At the time of the authorization, the company had 4,000,000 shares of common stock outstanding with a par value per share of $1, a market value per share of $45, and a book value of $30 per share. The shares were distributed on April 30.

 

Paper#26915 | Written in 18-Jul-2015

Price : $32
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