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Calculate amount company would credit to additional paid

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Mt. Everst Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On December 1, the Board of Directors declares a 4% Stock Dividend to be issued to the shareholders of record on December 15 and distributed on December 30. The market price of the stock on December 1 was $25 per share.

Problem 1: Calculate the amount the Company would Credit to Additional Paid in Capital

Reference no: EM132889009

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