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On June 30,2023 , Dakota, Inc, showed the following data on the equity section of their balance sheet On July 1, 2023, the company declared

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On June 30,2023 , Dakota, Inc, showed the following data on the equity section of their balance sheet On July 1, 2023, the company declared and distributed a 11% - stock dividend. The market value of the stock at that time was $20 per share. As a result of this stock dividend, what is the balance of Retained Earnings? a. $621,200 b. $951,000 c. $981,780 d. $770,560

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