Question: Show Attempt History Current Attempt in Progress X Your answer is incorrect. Blossom Company has 6 2 7 0 0 0 shares of $

Show Attempt History Current Attempt in Progress X Your answer is incorrect. Blossom Company has 627000 shares of \$10 par value common stock outstanding. During the year Blossom declared a 14\% stock dividend when the market price of the stock was \(\$ 49\) per share. Two months later Blossom declared a \(\$ 0.50\) per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by\$4658610.\$4301220.\$357390.\$557000. eTextbook and Media
Show Attempt History Current Attempt in Progress

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