Question: On January 1, 2001, Ewing, Inc., declared a 10% stock dividend on its common stock when the market value of the common stock was $20

On January 1, 2001, Ewing, Inc., declared a 10% stock dividend

On January 1, 2001, Ewing, Inc., declared a 10% stock dividend on its common stock when the market value of the common stock was $20 per share. Stockholders' equity before the stock dividend was declared consisted of: What was the effect on Ewing's retained earnings as a result of the above transaction

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