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What the amount that will be credited to common stock

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Question - R&R Heating, Inc. has 350,000 shares of $3-par common stock outstanding. They have declared a 5% stock dividend. The current market price of the common stock is $7.50 per share. What the amount that will be credited to common stock on the date of declaration?

A) $78,750.

B) $131,250.

C) $183,750.

D) $52,500.

Reference no: EM132997194

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