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Testbank Multiple Choice Question 95 Coronado Industries has 557000 shares of $10 par value common stock outstanding. During the year, Coronado declared a 15% stock dividend when the market price of the stock was $32 per share. Four months later Coronado declared a $0.40 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by
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Testbank Multiple Choice Question 95 Coronado Industries has 557000 shares of $10 par value common s...
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