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P Company has 58115 shares issued and outstanding On March 1, 2019 declared a 5 for 1 stock split when the market value was $23

P Company has 58115 shares issued and outstanding

On March 1, 2019 declared a 5 for 1 stock split when the market value was $23 per share

On July 1, 2019 declared a cash dividend of of $1.68 per share

The effect on retained earnings of this transaction is an increase/(decrease) of:

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