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Enter 1, 2, 3, or 4 that represents the correct answer. The declaration and issuance of 17% stock dividend (when fair value of the share

Enter 1, 2, 3, or 4 that represents the correct answer. The declaration and issuance of 17% stock dividend (when fair value of the share is greater than the par): 1. increases common shares outstanding and decreases total stockholders' equity. 2. decreases retained earnings and increases paid-in capital in excess of par. 3. does not change total stockholders equity and does not change paid-in capital in excess of par. 4. may increase or decrease paid-in capital in excess of par but does not change total stockholders' equity.

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