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4. The owners equity accounts for Overby International are shown here: Common stock $35,000 Capital surplus 149,000 Retained earnings 565,000 Total owners equity 749,000 If
4. The owners equity accounts for Overby International are shown here: Common stock $35,000 Capital surplus 149,000 Retained earnings 565,000 Total owners equity 749,000
If the companys stock currently sells for $42 per share and a 10 percent stock dividend is declared , how many new shares will be distributed? Show how the equity accounts would change.
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