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Determine retained earnings decreased by

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Question: Oriole Company has 556000 shares of $10 par value common stock outstanding.

During the year, Oriole declared a 16% stock dividend when the market price of the stock was $29 per share. Four months later Oriole declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

Reference no: EM132736715

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