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ABC Co has 9,000 shares of stock outstanding with a par value of $1 per share and a market value of $9 per share. The

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ABC Co has 9,000 shares of stock outstanding with a par value of $1 per share and a market value of $9 per share. The firm just announced a 100 percent stock dividend. By what amount will retained earnings change as a result of this dividend? -$81,000 $0 -$9,000 $81,000 $9.000

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