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A corporation declared and issued a 25% stock dividend on November 1. The following information was available immediately prior to the dividend: Retained earnings $820,000

A corporation declared and issued a 25% stock dividend on November 1. The following information was available immediately prior to the dividend:

Retained earnings	$820,000
Shares issued and outstanding	67,000
Market value per share	$22
Par value per share	$5

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