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Madewell Corp. has 100,000 shares outstanding. On March 3, it declared a 100% stock dividend, when its share price was $15. As a result of

Madewell Corp. has 100,000 shares outstanding. On March 3, it declared a 100% stock dividend, when its share price was $15. As a result of this stock dividend, retained earnings is decreased by $100,000 increased by $1,500,000 increased by $100,000 decreased by $1,500,000

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