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Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $2.7 million, a common shares account of $4.7 million, and additional patd-in

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Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $2.7 million, a common shares account of $4.7 million, and additional patd-in capital of $9.4 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your enswers in dollars not in millions. Input ell amounts as positive values. Indicate the direction of the effect by selecting "Increase, "decreese" or "no change" from the drop-down menu.) Retained earnings to Common stock to Additionsl paid-in capisal to ances

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