Question: Please explain step by step how to solve equation and don't round numbers. Thank you! Question 5 Incorrect Mark 0.00 out of 1.00 P Flag

Please explain step by step how to solve equation and don't round numbers. Thank you!

Question 5 Incorrect Mark 0.00 out of 1.00 P Flag question P Company has 100000 shares of common stock authorized with a par value of $1 per share 66941 shares are outstanding When the market value was $36 per share, P issued a stock dividend of 1 share for each 6 shares held. The par value of the stock was not changed. This transaction increased/(decreased) retained earnings by: Answer: 401646

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