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What is the amount transferred from the retained earnings

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Question 1: Company has 100,000 authorized shares of $4 par common stock the company issued 40,000 shares at $8. Company declared 2% stock dividend on a date when the market price was 11$ a share. What is the amount transferred from the retained earnings account to paid in capital accounts as a result of the stock dividend?

Reference no: EM132555710

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