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CBA Incorporated has 800,000 shares outstanding with a $5 par value. The shares were issued for $11. The stock is currently selling for $36. CBA

CBA Incorporated has 800,000 shares outstanding with a $5 par value. The shares were issued for $11. The stock is currently selling for $36. CBA has $6,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 5%. How many shares will be outstanding after the stock dividend? Muitiple Choice 776,000 824.000 840,000 8.328.000

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