Question: 8 On October 1 , 2 0 2 4 , Liu Corporation declared and issued a 1 0 % stock dividend. Before this date, Liu

8
On October 1,2024, Liu Corporation declared and issued a 10% stock dividend. Before this date, Liu had 80,000 shares of $5 par common stock outstanding. The market price of Liu Corporation on the date of declaration was $10 per share. As a result of this dividend, Liu's retained earnings will:
01:40:57
Multiple Choice
decrease by $80,000.
not change.
increase by $80,000.
decrease by $40,000.
8 On October 1 , 2 0 2 4 , Liu Corporation

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