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Gonzalez Company has 350,000 shares of $10 par value

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solution


Question

Gonzalez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Gonzalez declared a 10% stock dividend when the market price of the stock was $30 per share. Four months later Gonzalez declared a $.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by;$1,242,500.;$525,000.;$192,500.;$175,000

 

Paper#27343 | Written in 18-Jul-2015

Price : $27
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