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Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5
Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common stock, $5 par, 100,000 shares authorized, 40,000 shares issued $200,000 Paid in capital in excess of par common $120,000 Retained earnings $290,000 Total stockholders' equity $610,000 What would be the total paid-in capital after a 10% common stock dividend? Total paid-in capital would be $656,000. Total paid-in capital would be $610,000. Total paid-in capital would be $366,000. Total paid-in capital would be $320,000
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