June 30 motive inc board of directors declares a 10 stock


Problem

June 30 Motive, Inc board of directors declares a 10% stock dividend. 10,000,000 shares are authorized, 6,000,000 shares issues and 5,000,000 shares outstanding.

How many new shares will be issued with the stock dividend?

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Accounting Basics: June 30 motive inc board of directors declares a 10 stock
Reference No:- TGS02688579

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