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Need help with the wrong ones Although Oriole Company has enough retained earnings legally to declare a dividend, its working capital is low. The board
Need help with the wrong ones
Although Oriole Company has enough retained earnings legally to declare a dividend, its working capital is low. The board of directors is considering a stock dividend instead of a cash dividend. The common stock is currently selling at $34 per share. The following is Oriole's current shareholders' equity: Common stock, $10 par $400,000 Additional paid-in capital on common stock 800,000 Total contributed capital $1,200,000 Retained earnings 1,300,000 $2,500,000 Total shareholders' equityStep by Step Solution
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