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Business, 07.05.2020 12:58 suiani8

On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca had 80,000 shares of $5 par common stock outstanding. The market value of Ca Corporation on the date of declaration was $10 per share.

Required:

1. As a result of this dividend, Chief's retained earnings will .

MULTIPLE CHOICE

a. decrease by $80,000

b. not change

c. decrease by $40,000

d. increase by $80,000

ansver
Answers: 3

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On October 1, 2021, Ca Corporation declared and issued a 10% stock dividend. Before this date, Ca ha...
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