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A company with 99,000 authorized shares of $4 par common stock issued 46,000 shares at $16. Subsequently, the company declared a 2% stock dividend on

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A company with 99,000 authorized shares of $4 par common stock issued 46,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $21 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. $19,320 Ob. $3,680 Oc. $41,580 Od. $15,640

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