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1, 2018, Chief Corporation declared and issued a 11% stock dividend. Before this date, Chief had 75,000 shares of $5 par common stock outstanding. The

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1, 2018, Chief Corporation declared and issued a 11% stock dividend. Before this date, Chief had 75,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend Chiefs retained earnings wil Multiple Choice 0134 06 Decrease by $84,500 Decrease by $82,500 Not change Increase bv $82.500

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