Question: On May 1, 2019, Addy Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Addy had 100,000 shares of $1 par

On May 1, 2019, Addy Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Addy had 100,000 shares of $1 par value common stock issued and outstanding. The fair value of Addy's common stock was $20 per share on May 1, 2019. As a result of this stock dividend, Addy's Retained Earnings O a decreased by $10,000, Fi b. decreased by $2,000,000 Tin O c, did not change. d. decreased by $200,000

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