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q50 Flexsteel Industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. Flexsteel is giving out a large stock dividend. This would Multiple

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Flexsteel Industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. Flexsteel is giving out a large stock dividend. This would Multiple Choice Reduces the par value per share by the percentage of the additional shares issued. Is accounted for in exactly the same manner as a stock split. Results in a transfer of retained earnings to common stock and additional paid-in capital. Results in a transfer of retained earnings to the common stock account

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