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Murphy't he has 90,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The elev

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Murphy't he has 90,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The elev stor shows $75,000 in the capital in excess of par account, $90,000 in the common stock account, and $142,500 in thered earnings account. The firm just announced a stock dividend of 12 percent. What will the balance in the capital in cess of per account be after the dividend? 288.00 58.400 $5.300

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