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Boats and Bait has 71,000 shares outstanding that sell for a price of $67 per share. The stock has a par value of $2 per
Boats and Bait has 71,000 shares outstanding that sell for a price of $67 per share. The stock has a par value of $2 per share. The companys balance sheet shows capital surplus of $150,000 and retained earnings of $190,000. If the company declares a stock dividend of 12.5 percent, what is the new common stock value on the balance sheet?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
