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Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $18.00 per share. Common Stock. $8
Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $18.00 per share. Common Stock. $8 Par, 104,000 shares authorized, 47,000 shares issued and outstanding $376,000 Paid in Capital in Excess of Par-Common 158,000 Retained Earnings 320.000 Total Stockholders' Equity $924.000 What would be the balance in the Common Stock account after the issuance of a 13% stock dividend? $424.880 $327.120 $316.000 $376,000
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