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What is the effect of the declaration and subsequent issuance of a 5% stock dividend on each of the following? Retained earnings Paid-in capital a.

What is the effect of the declaration and subsequent issuance of a 5% stock dividend on each of the following?

	Retained earnings	Paid-in capital
a.	no effect	no effect
b.	no effect	increase
c.	increase	decrease
d.	decrease	increase

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