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The current stockholders' equity account for Hilo Farms is as follows: Common stock (70,000 shares at $3 par) Paid-in capital in excess of par
The current stockholders' equity account for Hilo Farms is as follows: Common stock (70,000 shares at $3 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 210,000 250,000 490,000 $950,000 Hilo has announced plans to issue 10% stock (not cash) dividend. The market price of Hilo's common stock is $25 per share. Show how the stock dividend would affect the stockholder's equity account. The balance in common stock after the stock dividend is $ (Round to the nearest dollar.)
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