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What is the amount that will be credited

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Question - Arc Electric, Inc. has 400,000 shares of $10-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $18/share. What is the amount that will be credited to Paid-in Capital in Excess of Par Common Stock on the date of declaration? Please show equations, thanks.

Reference no: EM131979380

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