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53) When a corporation declares a 15% stock dividend, retained earnings will be: A) debited for the new shares times the average issue price of

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53) When a corporation declares a 15% stock dividend, retained earnings will be: A) debited for the new shares times the average issue price of all of the existing shares B) debited for the new shares times the current market value of the shares C) credited for the new shares times the book value of the shares D) credited for the new shares times the current market value of the shares

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