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A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $

A corporation declared and issued a 15% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $ 650,000 Shares issued and outstanding 50,000 Market value per share $ 25 Par value per share $ 5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is:

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