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On October 1, Ivanhoe Corporation's stockholders' equity is as follows. Common stock, $5 par value $382,000 Paid-in capital in excess of par-common stock 20,000 Retained
On October 1, Ivanhoe Corporation's stockholders' equity is as follows. Common stock, $5 par value $382,000 Paid-in capital in excess of par-common stock 20,000 Retained earnings 166,000 Total stockholders' equity $568,000 On October 1, Ivanhoe declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ Par value after the stock dividend $ Click if you would like to Show Work for this question: Open Show Work
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