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1. The board of directors of ABC Corporation has decided to declare a 20% stock dividend. The common stock is currently selling at $80 per
1. The board of directors of ABC Corporation has decided to declare a 20% stock dividend. The common stock is currently selling at $80 per share. Fill in the table below:
|
| Before Dividend ($1 Par, 100,000 shares) | After Stock Dividend
|
| Common stock | $100,000 |
|
| Contributed capital in excess of par | $900,000 |
|
| Retained earnings | $5,000,000 |
|
| Total common stockholders equity | $6,000,000 |
|
| Stock Price | 80 |
|
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