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Brief Exercise 11-6 The stockholders equity section of Cheyenne Corp.s balance sheet consists of common stock ($7 par) $952,000 and retained earnings $400,000 A 10% stock dividend (13,600 shares) is declared when the market price per share is $16. (a) Show the before-and-after effects of the dividend on the components of stockholders equity Before Dividend After Dividend (b) Show the before-and-after effects of the dividend on the shares outstanding Before Dividend After Dividend Outstanding shares

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