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Hannah Co. has 10.000 shares of $10 par common stock outstanding. A 10% stock dividend is declared when the market price is $50 per share.
Hannah Co. has 10.000 shares of $10 par common stock outstanding. A 10% stock dividend is declared when the market price is $50 per share. Which one of the following statements regarding the stock dividend is true? Stockholders' Equity will increase $50,000. Paid-in Capital in Excess of Par will increase $40,000. Retained Earnings will decrease $10,000. All of the above are true
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