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Stella, Inc. has 240,000 shares of $5 -par common stock outstanding. They have declared a 10% stock dividend. The current market price of the common
Stella, Inc. has 240,000 shares of $5 -par common stock outstanding. They have declared a 10% stock dividend. The current market price of the common stock is $11/share. What is the amount that will be debited to Retained Earnings on the date of declaration? Select one:
$384,000
$132,000
$264,000
120,000
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