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
Correct Answer:
Verified
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