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On October 1, 2018, Chief Corporation declared and issued a 12 % stock dividend. Before this date, Chief had 79,000 shares of $5 par common

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On October 1, 2018, Chief Corporation declared and issued a 12 % stock dividend. Before this date, Chief had 79,000 shares of $5 par common stock outstanding. The market value of Chief Corporation on the date of declaration was $10 per share. As a result of this dividend, Chief's retained earnings will: Multiple Choice un Decrease by $96.300 Increase by $94,800, untie Decrease by $94,800. Not change. Resume

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