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If a firm has retained earnings of $3.4M, a common shares account of $5.4M, and additional paid-in capital of $10.8M, how would these accounts change
If a firm has retained earnings of $3.4M, a common shares account of $5.4M, and additional paid-in capital of $10.8M, 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
retained earnings - Decreases to what number?
Common Stock - increases to what number?
Additional paid-in capital increases to what number?
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