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If a firm has retained earnings of $2.9 million, a common shares account of $4.9 million, and additional paid-in capital of $9.8 million, how would
If a firm has retained earnings of $2.9 million, a common shares account of $4.9 million, and additional paid-in capital of $9.8 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Input amounts as positive values. Indicate the direction of the effect by selecting "increase," "decrease," or "no change" from the drop-down menu.) Answer is not complete. decrease to Retained earnings Common stock Additional paid-in capital increase to increase to
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