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On June 30, 2017, Rangers, Inc

Question 158

Multiple Choice

On June 30, 2017, Rangers, Inc. showed the following data on the equity section of their balance sheet: On June 30, 2017, Rangers, Inc. showed the following data on the equity section of their balance sheet: On July 1, 2017, the company declared and distributed a 12% stock dividend. The market value of the stock at that time was $22 per share. Following this transaction, what is the number of shares issued? A) 119,640 B) 342,600 C) 178,080 D) 159,000 On July 1, 2017, the company declared and distributed a 12% stock dividend. The market value of the stock at that time was $22 per share. Following this transaction, what is the number of shares issued?


A) 119,640
B) 342,600
C) 178,080
D) 159,000

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