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The owners' equity accounts for Pentagon International are shown here: Common stock (2 par value) 20,000 Capital surplus 360,000 Retained earnings 540,000 Total owners' equity

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The owners' equity accounts for Pentagon International are shown here: Common stock (2 par value) 20,000 Capital surplus 360,000 Retained earnings 540,000 Total owners' equity 920,000 If Pentagon stock currently sells for 30 per share and a 20 percent stock dividend is declared, how much the new balance of Retained earnings after paying dividends

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