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Yellow Company has 500,000 shares of $10 par value common stock outstanding. During the year, Yellow declared a 12% stock dividend when the market price
Yellow Company has 500,000 shares of $10 par value common stock outstanding. During the year, Yellow declared a 12% stock dividend when the market price of the stock was $20 per share. Six months later, Yellow declared a $.30 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by?
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