Noah's Board of Directors decided to issue a 10 percent stock dividend on the 640 outstanding shares of its $2 par value

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answerhappygod
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Noah's Board of Directors decided to issue a 10 percent stock dividend on the 640 outstanding shares of its $2 par value

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Noah's Board of Directors decided to issue a 10 percent stockdividend on the 640 outstanding shares of its $2 par value commonstock. Market price at the time of the stock dividend was $12 pershare. The account Common Stock would be increased by what amountin total as a result of this dividend.
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