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Southern Fried Chicken has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $34 per share.
Southern Fried Chicken has 8,000 shares of stock outstanding with a par value of $1 per share and a market value of $34 per share. The balance sheet shows $45,000 in the captial in excess of par account, $8,000 in the common stock, and $152,000 in the retained earnings account. The firm just announced a 5 precent stock divident. What will the total owners' equity be after the dividend?
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