Abba Company purchased 1,000 shares of Dabber Company at $20 per share. Abba received an additional 250 shares from Dabber Company as a stock dividend. After receiving the stock dividend, the total value of the investment in Dabber and cost per share of Dabber, respectively is:
A) $25,000 and $20.
B) $20,000 and $20.
C) $20,000 and $16.
D) $25,000 and $16.
Correct Answer:
Verified
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