Ray corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of $2 par value common stock, which had a fair value of $5 per share before the stock dividend was declared. this stock dividend was distributed 60 days after the declaration date. by what amount did ray's current liabilities increase as a result of the stock dividend declaration?
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Ray corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of $2 par value c...
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