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Penguins Inc. issues 10,000 shares of $1 par value common stock for $11 per share. It declares a $1 per share dividend. After the dividend,
- Penguins Inc. issues 10,000 shares of $1 par value common stock for $11 per share. It declares a $1 per share dividend. After the dividend, Penguins declares a 2 for 1 stock split but elects to account for the stock split as a stock dividend. What is the total stockholders equity for Penguins after these events?
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