8. Stock Dividends [LO3] The company with the common equity accounts shown here has declared a...

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8. Stock Dividends [LO3] The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $64 per share. What effects will the distribution of the stock dividend have on the equity accounts? Common stock ($.50 par value) $ 20,000 Capital surplus Retained earnings 210,000 587,300 Total owners' equity $ 817,300 8. Stock Dividends [LO3] The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $64 per share. What effects will the distribution of the stock dividend have on the equity accounts? Common stock ($.50 par value) $ 20,000 Capital surplus Retained earnings 210,000 587,300 Total owners' equity $ 817,300