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Question 16 On June 30, 2018, when Bramble Corp.'s stock was selling at $66 per share, its capital accounts were as follows: Capital stock (par
Question 16
On June 30, 2018, when Bramble Corp.'s stock was selling at $66 per share, its capital accounts were as follows:
Capital stock (par value $50; 51000 shares issued) $2550000
Premium on capital stock 510000
Retained earnings 4180000
If a 100% stock dividend were declared and distributed, capital stock would be
a)$6732000.
b)$2550000.
c)$3060000.
d)$5100000.
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