Practice Problem 2
The company issued a 10% stock dividend on March 30, 2001. The par value of the stock on March 31, 2001, is: a. $0.50. b. $1.10. c. $0.90. d. $1.00. 27. Johansen Corporation is authorized to issue 150,000 shares of $1 par value common stock. On December 31, 2000, Johansen Corporation had 80,000 shares issued and outstanding. ................
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