Hunter Ltd.declares a 10% share dividend on December 31,2020.Currently Hunter has 10,000 shares outstanding.The market value of the shares on the date of declaration is $1 per share.The value to be assigned to this share dividend is

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The value assigned to the share dividend is calculated based on the market value of the shares on the date of declaration. Since Hunter Ltd. declares a 10% share dividend on 10,000 shares, this results in 1,000 additional shares (10% of 10,000). With a market value of $1 per share, the value assigned to this share dividend is 1,000 shares * $1/share = $1,000.