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Question 41 3.33 pts The following is an excerpt from Finesse Company's 2019 balance sheet. In 2020, Finesse declared a 45% stock dividend on a

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Question 41 3.33 pts The following is an excerpt from Finesse Company's 2019 balance sheet. In 2020, Finesse declared a 45% stock dividend on a date when the market price of the stock was $12 a share. What amount is transferred from the retained earnings account to the paid-in (contributed) capital accounts as a result of the stock dividend? Common stock-$10 par value, 82,000 shares authorized, 72,000 issued, 4,000 shares in treasury $720,000 Paid-in capital in excess of par value, common stock 360,000 Retained Earnings 400,000 Less cost of treasury stock (40,000) Total stockholders' equity $1.440,000 $816,000 $680,000 $820,000 $864,000 $306,000

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