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Boats and Bait has 74,000 shares outstanding that sell for a price of $70 per share. The stock has a par value of $2 per
Boats and Bait has 74,000 shares outstanding that sell for a price of $70 per share. The stock has a par value of $2 per share. The company's balance sheet shows capital surplus of $165,000 and retained earnings of $205,000. If the company declares a stock dividend of 20 percent, what is the new common stock value on the balance sheet? Multiple Choice 5621600
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