Omega Sports has the following equity accounts on its balance sheet: 
The current market price of the firm's shares is $20. If the firm declares a 10 percent stock dividend followed by a cash dividend of $0.10 per share, the retained earnings account would change to
A) $21,060,000
B) $19,305,000
C) $25,335,000
D) $19,404,000
Correct Answer:
Verified
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