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Problem:

If a firm has retained earnings of $3.9 million, a common shares account of $5.9 million, and additional paid-in capital of $11.8 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity.

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167828

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