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Doug & Beatie's Inc., a large, private company, declared and distributed a fifty percent stock...

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Accounting

Doug & Beatie's Inc., a large, private company, declared and distributed a fifty percent stock dividend to its shareholders. If Doug & Beatie's Inc. had instead done a stock split, which of the following stock splits would have had the same effect as the fifty percent stock dividend on the number of Doug & Beatie's Inc. shares outstanding?
Multiple Choice
5 for 4
4 for 3
None of the other alternatives are correct
2 for 1
3 for 2

Answer & Explanation Solved by verified expert
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