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The stockholders equity section of Chance Corporation consists of common stock ($5 par) $2,000,000 & retained earnings $800,000. A 12% stock dividend is declared when

The stockholders equity section of Chance Corporation consists of common stock ($5 par) $2,000,000 & retained earnings $800,000. A 12% stock dividend is declared when the market price per share is $13.

Show the before & after effects of the dividend on the following

a. the components of stockholders equity

b. shares outstanding

c. par value per share

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