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Question 4 (2 points) Shubally Inc. has 250,000 shares outstanding with a market price of $15 per share. On the balance sheet, common stock is

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Question 4 (2 points) Shubally Inc. has 250,000 shares outstanding with a market price of $15 per share. On the balance sheet, common stock is $1,250,000, and retained earnings are $575,000. There are no transactions costs. If Shubally Inc. declares a 20% stock dividend. What happens to the retained earnings account on the balance sheet

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