Answer:
Please see attachment
Explanation:
Please see attachment
Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. It
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Answer:
Please see below
Explanation:
a. A 5% stock dividend is declared and distributed when the market per share was $39.
Common stock par value($10) 500,000
Retained earning = 50,000 × 5% × 39
= $97,500
Common stock dividend distributed
50,000 × 5% × $10
= $25,000
See attached further explanations.
