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Sie prep mastery exam 1 Study guides, Class notes & Summaries

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SIE Prep- Mastery Exam 1 Questions and Answers Solved 100% Correct

  • SIE Prep- Mastery Exam 1 Questions and Answers Solved 100% Correct

  • Exam (elaborations) • 6 pages • 2023
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    • A corporation has issued 50,000,000 shares of common stock at $.50 par. The corporation has 10,000,000 shares of Treasury Stock on its books. The aggregate par value of the outstanding shares is: - ANSWER-$20,000,000 (50 mil- 10 mil= 40 mil x.5 par = 20mil) Dawn owns 100 shares of ACME Company common stock, currently trading at $60 per share. She receives a notice that ACME has declared a 20% stock dividend. What does this mean to Dawn? - ANSWER-Dawn will receive 20 additional shares of stoc...
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