The company with the common equity accounts shown here has declared a stock dividend of 10 percent at a time when the market value of its stock is $31 per share.Common stock ($1 par value) $405,000Capital surplus 805,000Retained earnings 3,760,800Total owners’ equity $5,015,800What would be the number of shares outstanding, after the distribution of the stock dividend?New share outstanding 445,500What would the equity accounts be after the stock dividend?Common stock
The company with the common equity accounts shown here has declared a stock dividend of 10 percent at a time when the market value of its stock is…
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