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Oliver Company declares a 70% stock dividend on its 100.000 common shares outstanding. Just prior to the declaration of the dividend Oliver Company's common stock

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Oliver Company declares a 70% stock dividend on its 100.000 common shares outstanding. Just prior to the declaration of the dividend Oliver Company's common stock had a $4 par value and a $25 market value. What amount of retained earnings should be transferred to the common stock account

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