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A company with the common equity accounts shown below declares a 15% stock dividend when the market value of its stock is $61/share. What effects

A company with the common equity accounts shown below declares a 15% stock dividend when the market value of its stock is $61/share. What effects on the equity accounts will the distribution of the stock dividend have?

Common Stock ($1 par value)

$275,000

Capital Surplus

763,000

Retained Earnings

3,284,000

Total owners equity

$4,322,000

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