Question
The company with the common equity accounts shown here has declared a 10 percent stock dividend at a time when the market value of its
The company with the common equity accounts shown here has declared a 10 percent stock dividend at a time when the market value of its stock is $62 per share.
| Common stock ($1 par value) | $ | 440,000 | |
| Capital surplus | 1,552,000 | ||
| Retained earnings | 3,872,000 | ||
| Total owners equity | $ | 5,864,000 | |
Show the new equity account balances after the stock dividend distribution.
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
