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The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53

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The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $53 per share. What effects on the equity accounts will the distribution of the stock dividend have? Show your calculations, Common stock ($1 par Value) Capital surplus Retained earnings Total owners'equity S 245.000 618,000 2.756.300 S3,621,300

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