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Need help solving: Common stock-$20 par value, 150,000 shares authorized, 67,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained
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Common stock-$20 par value, 150,000 shares authorized, 67,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,340,000 525,000 675,000 $2,540,000 On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stock's market value is $35 per share on February 5 before the stock dividend. The stock's market value is $30 per share on February 28 Step by Step Solution
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