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14 (2 points) Teknaf Engineers has 450,000 shares of stock outstanding trading for $12. Balance sheet shows that the company has common stock of $1,800,000
14 (2 points) Teknaf Engineers has 450,000 shares of stock outstanding trading for $12. Balance sheet shows that the company has common stock of $1,800,000 and retained earnings of $1,750,000. The company declares a 10% stock dividend. What is the common stock balance after the stock dividend? (Ignore all taxes and transaction costs) $2,480,000 $1,980,000 $1,800,000 $2,250,000 $2,340,000
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