The shareholders' equity of Ava Company on January 1, 2017, included the following: ...
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Accounting
The shareholders' equity of Ava Company on January 1, 2017, included the following:
Common stock, $0.5 par; authorized, 800,000 shares;
You will need to calculate the issued shared
$252,506
Paid-in capitalexcess of par
65,844
Retained earnings
$500,000
On April 1, 2017, the board of directors of Ava declared a 7% stock dividend on common shares, to be distributed on June 1. The market price of Avas common stock was $10 on April 1, 2016, and $16 on June 1, 2016.
On April 1, the credit to Common Stock is $________
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