Multiple Choice
McJunkin Ltd.declares a 10% share dividend on December 31,2015.Currently McJunkin has 30,000 shares outstanding.The market value of the shares on the date of declaration is $3 per share.The value to be assigned to this share dividend is:
A) $5,000.
B) $8,000.
C) $2,000.
D) $6,000.
E) $9,000.
Correct Answer:
Verified
Correct Answer:
Verified
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