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The Knight Shoe Compariy has stockholder's equity as followi: Common Stock, $5 par Additional Paid in Capital - Common Stock Retained Earnings Total Stockhoider's Equity

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The Knight Shoe Compariy has stockholder's equity as followi: Common Stock, \$5 par Additional Paid in Capital - Common Stock Retained Earnings Total Stockhoider's Equity $50,000$260,000$330000$640,000 The company is considering issuing a 15% stock dividend. The current market price of the comparry's stock is $28/ share. If this dividend is declared and issued, which of the following statements is TRUE? Retained Earnings will remain the same. Contributed Capital will increase by $7,500. Additional Paid-In Capital from Stock Dividends will increase by $34,500. Common Stock will increase by $42,000. NONE of the other answers are correct The Knight Shoe Compariy has stockholder's equity as followi: Common Stock, \$5 par Additional Paid in Capital - Common Stock Retained Earnings Total Stockhoider's Equity $50,000$260,000$330000$640,000 The company is considering issuing a 15% stock dividend. The current market price of the comparry's stock is $28/ share. If this dividend is declared and issued, which of the following statements is TRUE? Retained Earnings will remain the same. Contributed Capital will increase by $7,500. Additional Paid-In Capital from Stock Dividends will increase by $34,500. Common Stock will increase by $42,000. NONE of the other answers are correct

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