If a firm has retained earnings of $23 million, a common shares account of $275 million, and

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If a firm has retained earnings of $23 million, a common shares account of $275 million, and additional paid-in-capital of $100 million, how would these accounts change in response to a 20 percent stock dividend? Assume market value of equity is equal to book value of equity.

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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