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Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.25 per share. Common Stock, $8
Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.25 per share.
Common Stock, $8 Par, 139,000 shares authorized, 46,000 shares issued and outstanding | $368,000 |
Paid-in Capital in Excess of ParCommon | 179,000 |
Retained Earnings | 380,000 |
Total Stockholders' Equity | $927,000 |
What would be the balance in the Common Stock account after the issuance of a 10% stock dividend?
Group of answer choices
$331,200
$368,000
$404,800
$358,000
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