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I need clarification on how to determine the shares outstanding The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par)
I need clarification on how to determine the shares outstanding
The stockholders' equity section of Mabry Corporation's balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12, 500 shares) is declared when the market price per share is $19. Show the before-and- after effects of the dividend on (a) the components of stockholders' equity and (b) the shares outstandingStep by Step Solution
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