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What is the book value of the stock dividend

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Problem 1: Lay Co. issued 100,000 shares of common stock on January 1, 2016. On April 9, 2016, Lay Co. purchased 20,000 shares back as treasury stock. On Dec 20, 2016, Lay Co. declared a 6% stock dividends. The stock price of Lay Co. shares was $20 per share on Dec 20, 2016. What is the book value of this stock dividend?

Reference no: EM132966363

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