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On January 1,2020 , when the market value of their common shares was $15 per share, Crooks Inc. declared a 10% common stock dividend. Shareholders'

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On January 1,2020 , when the market value of their common shares was $15 per share, Crooks Inc. declared a 10% common stock dividend. Shareholders' equity before the stock dividend was declared was: res, What was the effect on Crook's retained earnings because of the stock dividend? a. $540,000 decrease b. $270,000 decrease c. $450,000 decrease d. $750,000 decrease

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