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Determine the amount credited to retained earnings

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Reference no: EM132446385

Question - Given: On March 1 2019. Aco had 40,000 shares of common stock outstanding with par value of $5 per share. On March 1 Aco authorized 15% stock dividend when the market value was $11 per share

Determine the amount (debited) or credited to retained earnings.

Reference no: EM132446385

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