Solved: What is the amount transferred from the retained earnings, Accounting Basics

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What is the amount transferred from the retained earnings

Question - A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share. What is the amount transferred from the Retained Earnings account to Paid-in Capital accounts as a result of the stock dividend?

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Accounting Basics: What is the amount transferred from the retained earnings

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