On October 1, 2021, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5 par common stock outstanding. The market price of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will: Multiple Choice Not change. Decrease by $80,000. Decrease by $40,000. Increase by $80,000.

Decrease by $40,000

Explanation:

The correct answer is Chief's retained earnings will Decrease by $80,000. The dividends distribution is made out of the business profits and these are accumulated in a reserve called retained earnings.

Dividends Calculation = 80,000 shares x $5 x 10% = $40,000

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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