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Posted: April 20th, 2022
On July 1, 20×5, Blaylock Corp
Question Assignment description
On July 1, 20×5, Blaylock Company had 40,000 shares of its $100 par worth widespread inventory excellent. On July 2, 20×5, Blaylock declared a 15 p.c inventory dividend to be distributed on August 6, 20×5, to shareholders of document on July 16, 20×5. What quantity of retained earnings ought to be transferred to contributed capital due to this dividend?
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