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Suppose Maizey Mayhem has 1 million shares of $5 par common stock outstanding. It then declares a stock dividend of the outstanding shares when

Suppose Maizey Mayhem has 1 million shares of $5 par common stock outstanding. It then declares a stock dividend of the outstanding shares when the market price is $30 per share. What is the debit to Retained Earnings under a 15% stock dividend versus a 35% stock dividend?

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