On June 30,2018,Dakota,Inc.showed the following data on the equity section of their balance sheet:
On July 1,2018,the company declared and distributed a 11% stock dividend.The market value of the stock at that time was $20 per share.As a result of this stock dividend,what is the balance of Retained Earnings?
A) $770,580
B) $951,000
C) $981,780
D) $621,200
Correct Answer:
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