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On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their balance sheet: $140,000 Stockholders' Equity Common Stock, $1
On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their balance sheet: $140,000 Stockholders' Equity Common Stock, $1 par; 205,000 shares authorized, 140,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholder's Equity $270,000 954,000 $1,364,000 On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $16 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common
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