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n October 1, Crane Corporations stockholders equity is as follows. Common stock, $7 par value $533,400 Paid-in capital in excess of parcommon stock 30,000 Retained
n October 1, Crane Corporations stockholders equity is as follows. Common stock, $7 par value $533,400 Paid-in capital in excess of parcommon stock 30,000 Retained earnings 164,000 Total stockholders equity $727,400 On October 1, Crane declares and distributes a 10% stock dividend when the market price of the stock is $14 per share
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