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A company's owners' equity accounts are shown below: Common stock ($2 par value) Capital surplus Retained earnings Total owners' equity $ 60,000 250,000 610,000 $920,000
A company's owners' equity accounts are shown below: Common stock ($2 par value) Capital surplus Retained earnings Total owners' equity $ 60,000 250,000 610,000 $920,000 If the company's stock currently sells for $50 per share and a 12 percent stock dividend is declared, what will the capital surplus be after the stock dividend is paid? Enter your answer in the box shown below with 2 digits to the right of the decimal point
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