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For Questions 17 & 18 Assume there were 100,000 shares of Montage Co. common stock outstanding. 17. Montage Co. declared a 10% stock dividend when

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For Questions 17 & 18 Assume there were 100,000 shares of Montage Co. common stock outstanding. 17. Montage Co. declared a 10% stock dividend when the market price per common share was $30, what amount would be transferred from Retained Earnings because of the stock dividend? Answer 18. How many dollars would be added to the common stock par value account as a result of the stock dividend

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