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Question 10 Lavender Inc. has a total of 3.2 million shares issued and 3.1 million shares outstanding when it declares a 65% stock dividend for

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Question 10 Lavender Inc. has a total of 3.2 million shares issued and 3.1 million shares outstanding when it declares a 65% stock dividend for the year. Market price per share is $10. Par value of the stock is $0.01 per share. This stock dividend will decrease retained earnings by $20,150 $20,800 $20.15 million $20.8 million

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