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Cheyenne Corp. has had 4 years of record earnings. Due to this success the market price of its 460,000 outstanding shares of $2 par value

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Cheyenne Corp. has had 4 years of record earnings. Due to this success the market price of its 460,000 outstanding shares of $2 par value common stock has increased from $5 per share to $52. During this period, paid-in capital remained the same at $2,450,000 Retained earnings increased from $1,780,000 to $12.300,000. CEO Don Ames is considering either a 18% stock dividend or a2-for-1 stock split (a) He asks you to show the before and after effects of each option on retained earnings. $ Retained earnings after stock dividend Retained earnings after stock split $ e Textbook and Media Save for at Attempts: 0 of Jused Smit Awe

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