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On May 1, 2021, Vaughn Manufacturing declared and issued a 10% common stock dividend. Prior...

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Accounting

On May 1, 2021, Vaughn Manufacturing declared and issued a 10% common stock dividend. Prior to this dividend, Vaughn had 213000 shares of $1 par value common stock issued and outstanding. The fair value of Vaughn's common stock was $23 per share on May 1, 2021. As a result of this stock dividend, Vaughn's total stockholders' equity

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