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40. When a stock dividend is declared and issued: A. total paid-in capital does not change. B. total owners' equity does not change. C. the

40. When a stock dividend is declared and issued:

A. total paid-in capital does not change.

B. total owners' equity does not change.

C. the balance in the retained earnings account is decreased by the par value of the shares issued in the dividend.

D. total paid-in capital is decreased by the market value of the shares issued in the dividend.

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