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FERAS Co. has 500,000 shares outstanding. The shares were issued for $10. The stock is currently selling for $40. FERAS has $6,000,000 in retained earnings
FERAS Co. has 500,000 shares outstanding. The shares were issued for $10. The stock is currently selling for $40. FERAS has $6,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 10%. What will be the common stock account after the stock dividend?
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