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What aggregate amount should be debited to retained earnings

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Reference no: EM132446743

Question - The following stock dividends were declared and distributed by Sol Corp.:

Percentage of Common Shares Outstanding at Declaration Date

Fair Value

Par Value

10

$15,000

$10,000

28

40,000

30,800

Required - What aggregate amount should be debited to retained earnings for these stock dividends?

$40,800

$45,800

$50,000

$55,000

Reference no: EM132446743

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