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The following stock dividends were declared and distributed by Gear Corp.: % of C/S Outstanding at Declaration Date Fair Value 10 28 15,000 40,000 Par

The following stock dividends were declared and distributed by Gear Corp.: % of C/S Outstanding at Declaration Date Fair Value 10 28 15,000 40,000 Par Value 10,000 30,800 What aggregate amount should be debited to retained earnings for these stock dividends

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