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(5 points) Suarez Corp. issued a 40% common stock dividend. Their common stock has a par value of $2 per share. Market value of the
(5 points) Suarez Corp. issued a 40% common stock dividend. Their common stock has a par value of $2 per share. Market value of the stock was $21 on the day the dividend was declared and $26 on the day the dividend was issued. How much will retained earnings drop per share for the dividend? (LE 17 & 21) The retained earnings balance isn't affected by a stock dividend. O Market value per share on the payment date Par value per share Market value per share on the declaration date
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