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The board of directors of Swanson Company declared a 50% stock dividend on its $9 par value common stock. At the time of the declaration

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The board of directors of Swanson Company declared a 50% stock dividend on its $9 par value common stock. At the time of the declaration there were 310,000 shares of stock outstanding and the market price of the shares on a national exchange was $173. What will be the debit to Retained Earnings on the declaration date

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