What amount is transferred from retained earnings, Accounting Basics

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What amount is transferred from retained earnings

Draper Company is authorized to issue 600,000 shares of $5 par value common stock. By March 15, 2011, the company had issued 180,000 shares at $17 per share. On March 15, 2011, the company declared a 10% stock dividend when the market price was $20 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

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Accounting Basics: What amount is transferred from retained earnings

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Accounting Basics: What amount is transferred from retained earnings

Reference No:- TGS0703644

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Recent Questions Asked Accounting Basics

Q : Abel total stockholders

Q : What is the balance in the paid in capital

Q : What are the fixed overhead costs of making the component

Q : Determine how much money earned

Q : What amount is transferred from retained earnings

Q : When the market rate of interest

Q : How much will profits increase or decrease for the year

Q : The companys product requires

Q : The balance is considered immaterial

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount is transferred from retained earnings

Reference No:- TGS0703644

Recent Questions Asked Accounting Basics

Q : Abel total stockholders

Q : What is the balance in the paid in capital

Q : What are the fixed overhead costs of making the component

Q : Determine how much money earned

Q : What amount is transferred from retained earnings

Q : When the market rate of interest

Q : How much will profits increase or decrease for the year

Q : The companys product requires

Q : The balance is considered immaterial

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