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The following information is available for Blowing Rock Corporation: Common Stock ($5 par) $1,600,000 Retained Earnings 1,200,000 An 18% stock dividend is declared and paid

The following information is available for Blowing Rock Corporation: Common Stock ($5 par) $1,600,000 Retained Earnings 1,200,000 An 18% stock dividend is declared and paid when the market value was $16 per share.

Compute number of shares outstanding after the stock dividend.

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