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please answer asap for a good rating On October 1, 2024, Liu...

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Accounting

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On October 1, 2024, Liu Corporation declared and issued a 12% stock dividend. Before this date, Liu had 88,000 shares of $5 par common stock outstanding. The market price of Liu Corporation on the date of declaration was $10 per share. As a result of this dividend, Liu's retained earnings will: Multiple Choice not change. decrease by $105,600 decrease by $107,600 increase by $105,600

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