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  3. on january 31, village bank had 50,000 shares of $

on January 31, Village bank had 50,000 shares of $3 per value common stock outstanding....

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Accounting

on January 31, Village bank had 50,000 shares of $3 per value common stock outstanding. on that date, the company declared a 10% stock dividend when the market price of the stock was $62 per share. The immediate effect of this dividend upon Village bank was:

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