Cody’s Western Wear has 2,000 shares of $10 par value common stock outstanding. During the current year, the company distributed a 10% stock dividend.
since the company gave 10% stock divident so, no. of shares would be 2200, a increase by 200,so, the increase in shares equity would be 200 shares at the market value of $16 = 200*16 = $ 3200Please select my answers if they were helpful to you. Please appreciate my help. :)
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