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Just before Arugone Funeral Homes Inc. issued a 10% share dividend on December 1, the following data were collected: Retained earnings $650,000 Shares outstanding 10,000

Just before Arugone Funeral Homes Inc. issued a 10% share dividend on December 1, the following data were collected:

Retained earnings $650,000

Shares outstanding 10,000

Market value per share $10

Par value per share $4

Shares issued 11,000

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