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A company with 115,000 authorized shares of $7 par common stock issued 47,000 shares at $12. Subsequently, the company dedared a 2% stock dividend on

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A company with 115,000 authorized shares of $7 par common stock issued 47,000 shares at $12. Subsequently, the company dedared a 2% stock dividend on a date when the market price was $32 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Oa. 6,500 Ob. $75.600 Oc. 523.500 Od. 330.000

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