Solved: The stocks market value is 39 per share on february 5, Accounting Basics

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The stocks market value is 39 per share on february 5

On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $39 per share on February 5 before the stock dividend. The stock's market value is $35 per share on February 28.

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Accounting Basics: The stocks market value is 39 per share on february 5

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