What amount that will be credited to paid-in capital

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Problem 1: Rubberon Ltd. has 250,000 shares of $7-par common stock outstanding. They've declared a 7% stock dividend. The current market price of the common stock is $11/share. What amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration?

Reference no: EM132626313

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