Multiple Cholce Questlon Fontaine Incorporated issued a 10% stock dividend on its $20 par...

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Accounting

Multiple Cholce Questlon
Fontaine Incorporated issued a 10% stock dividend on its $20 par value common stock. On the distribution date, there were 12,000 shares issued and 10,000
shares outstanding. The market value of the stock was $25. The stock dividend decreased retained earnings by
$24,000
$20,000
$25,000
$30,000
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