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What will be after the stock dividend

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Reference no: EM132971280

Problem 1: AI Consultants, Inc. has 2,000 shares of $2 par value common stock outstanding. AI declared a 10% stock dividend at a time when the stock value was $60 per share. If retained earnings was $5,000,000 before the stock dividend, what will it be after the stock dividend?

Reference no: EM132971280

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