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The B Co. has 100,000 shares of common stock having a par value of $20 outstanding. A 3 percent stock dividend is declared. The fair

The B Co. has 100,000 shares of common stock having a par value of $20 outstanding. A 3 percent stock dividend is declared. The fair market value of the stock is $42 per share. a) By how much will retained earnings be reduced? b) What is the par value of the common stock to be issued? c) What is the paid-in capital1 on common stock

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