Fontaine Incorporated issued a 10% stock dividend on its $20 par value common stock. On...

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Accounting

Fontaine Incorporated issued a 10% stock dividend on its $20 par value common stock. On the distribution date, there were 12,000 shares issued and 10,000 shares outstanding. The market value of the stock was $25. The stock dividend increased additional paid-in capital in excess of par value by Blank______.
Multiple choice question.
$0
$5,000
$25,000
$20,000

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