I'm confused. Why are we multiplying by 200% instead of 100%? How do we get 370,000 (please show computation).

# of dividend shares = 76,000x2= 152,000 2-for-1 stock split lorge stock I dividend # of dividend shares = computation: 74.000 x 2007 - answer: 152.0oon4.000 $ 100% stock dividend Stockholders' Equity section of balance sheet et value 76,000 (FMV = $30/share) Common Stock, $5 par value, 300,000 shares 152000 5700 authorized, 76,000 shares issued and outstanding $ 4 380,000195 7 60.000 Paid-in capital in excess of par value, common stock 120,000 >10 Retained earnings 750,000 $ 5 370,000 Total stockholders' equity $ 1,250,000 $ 1,250,000 Common stock shares outstanding 76,000 x2 152,000 Par Value $5 390.000 120.000 750.00 $ 1,250,000 152,000 $ 2.50