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Business, 19.10.2021 14:20 airsealands

Crane Company has 635000 shares of $10 par value common stock outstanding. During the year Crane declared a 14% stock dividend when the market price of the stock was $ 49 per share. Two months later Crane declared a $ 0.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by:

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Crane Company has 635000 shares of $10 par value common stock outstanding. During the year Crane dec...
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