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QUESTION 5 The board of directors of Geary Corporation declared a 10% stock dividend on its $13 par value common stock. At the time
QUESTION 5 The board of directors of Geary Corporation declared a 10% stock dividend on its $13 par value common stock. At the time of the declaration there were 400,000 shares of stock outstanding and the market price of the shares on a national exchange was $172. What will be the debit to Retained Earings on the declaration data?
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