Question
17. On June 30, 2017, Stephans, Inc. showed the following data on the equity section of their balance sheet: Stock holder's equity Common Stock, $1
17. On June 30, 2017, Stephans, Inc. showed the following data on the equity section of their balance sheet:
Stock holder's equity
Common Stock, $1 par, 204000 share authorized, 151000 shares issued and outstanding---$151000
Paid in capital in excess of par-Common-------------------------------------------------------------------$272000
Retained Earnings---------------------------------------------------------------------------------------------------$946000
Total Stockholder's Equity--------------------------------------------------------------------------------------$1369000
On July 1, 2017, the company declared and distributed a 6% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is total stockholders' equity?
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