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Business, 27.07.2021 21:30 liquinn99

LMN Company has 490,000 shares of $10 par value common stock outstanding. During the year LMN declared a 15% stock dividend when the market price of the stock was $36 per share. Three months later LMN declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

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LMN Company has 490,000 shares of $10 par value common stock outstanding. During the year LMN declar...
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