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QUESTION
Langley Corporation has 51,600 shares of $12 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value...
Langley Corporation has 51,600 shares of $12 par value common stock outstanding. It declares a 10% stock dividend on December 1 when the market value per share is $18. The dividend shares are issued on December 31.
