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Pumpkin Limited has 25,000 shares of stock outstanding. The market value is $35 per share. The statement of financial position shows $125,000 in the common
Pumpkin Limited has 25,000 shares of stock outstanding. The market value is $35 per share. The statement of financial position shows $125,000 in the common stock account, and $965,000 in the retained earnings account. The firm just announced a 7.5% percent stock dividend. What will the balance be in the common stock and retained earnings accounts after the dividend?
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