On January 1, 2021, Concord Corporation had 121000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 9500 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $ 14, the corporation declared a 14% stock dividend to be issued to stockholders of record on December 16, 2021. What was the impact of the 14% stock dividend on the balance of the retained earnings account

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.