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Stock Dividends ( LO 4 ) The company with the common equity accounts shown here has declared a 1 5 % stock dividend when the

Stock Dividends (LO4) The company with the common equity accounts shown here has declared a 15% stock dividend when the market value of its stock is $61 per share. What effects on the equity accounts will the distribution of the stock, dividend have?
\table[[Common stock ($1 par value),$275,000
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