The shareholders' equity of Tirana Ltd.at July 31, 2017 is presented below:
Common shares, no par value, authorized 400,000 shares,
On August 1, 2017, the board of directors declared a 10% stock dividend, to be distributed on September 15.The market price of Tirana's common shares was $35 on August 1 and $38 on September 15.What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend?

Question

The shareholders' equity of Tirana Ltd.at July 31, 2017 is presented below:
Common shares, no par value, authorized 400,000 shares, 
On August 1, 2017, the board of directors declared a 10% stock dividend, to be distributed on September 15.The market price of Tirana's common shares was $35 on August 1 and $38 on September 15.What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend?

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The Answer of The shareholders' equity of Tirana Ltd.at July 31, 2017 is presented below:
Common shares, no par value, authorized 400,000 shares, 
On August 1, 2017, the board of directors declared a 10% stock dividend, to be distributed on September 15.The market price of Tirana's common shares was $35 on August 1 and $38 on September 15.What is the debit to retained earnings as a result of the declaration and distribution of this stock dividend?

The Shareholders' Equity of Tirana Ltd