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Fareast Company has retained earnings of $800,000 and total shareholders' equity of $2 million. It has no preferred shares but 200,000 common shares issued, which
Fareast Company has retained earnings of $800,000 and total shareholders' equity of $2 million. It has no preferred shares but 200,000 common shares issued, which are currently selling for $18 per share. If Fareast declares a 10% stock dividend on its common shares, after the stock dividend: Retained earnings will Choose... 10 Common shares will Choose... 19 Fini
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