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The stockholders' equity section of Dasher Company showed the following:

Common Stock--$10 par value, 60,000 shares issued and outstanding	$600,000
Contributed Capital in excess of par value, common stock	1,800,000
Retained Earnings	1,600,000

Dasher declared a 10% stock dividend on a day when the market value of the stock was $30 per share.

The stock dividend will:

Select one:

A. Decrease Retained Earnings by $120,000

B. Increase Paid-in capital in excess of par value, Common Stock by $120,000

C. Increase Paid-in capital in excess of par value, Common Stock by $180,000

D. Increase Common Stock by $180,000

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