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a company had 700000 shares od 15 par value common stock outstanding. during yhr gear the company declared 15% stock dividend when the market price

a company had 700000 shares od 15 par value common stock outstanding. during yhr gear the company declared 15% stock dividend when the market price of the stock was 48 per share. two months later the company declared a .60 per share cash dividend. as a result of the dividends declared dueing the year the retained earnings decreased hy... 5460000, 2800000, none, 5523000,483000, 2380000

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