Question
CBA Inc has 260,000 shares outstanding with a $10.5 par value. The shares were issued for $20.5. The stock is currently selling for $32.5. CBA
CBA Inc has 260,000 shares outstanding with a $10.5 par value. The shares were issued for $20.5. The stock is currently selling for $32.5. CBA has $7,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 11.50%. What will be the capital in excess of par account after the stock dividend?
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
