Stock Dividend Effects If a firm has retained earnings of $3 million, a common shares account of

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Stock Dividend Effects If a firm has retained earnings of $3 million, a common shares account of $5 million, and additional paid-in capital of $10 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (LG6)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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