Solved: Determine the amount of contributed capital, Financial Accounting

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Determine the amount of contributed capital

Response to the following problem:

A corporation declared an issued a 25% stock dividend on on November 1. The following information was available immediately prior to the dividend.

Retained earnings: $680,000

Shared issued and outstanding: $53,000

Market value per share: $22

Par value per share: $5

The amount that contributed capital will decrease as a result of recording stock dividend is?

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Financial Accounting: Determine the amount of contributed capital

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Financial Accounting: Determine the amount of contributed capital

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