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The shareholders' equity portion of Mishastone Tire Company follows: Common stock (2.0 million shares) $37,000,000 Retained earnings $33,000,000 $70,000,000 The current market value of Mishastone's
The shareholders' equity portion of Mishastone Tire Company follows: Common stock (2.0 million shares) $37,000,000 Retained earnings $33,000,000 $70,000,000 The current market value of Mishastone's stock is $20. Show what the balance sheet will look like if Brimstone declares a 15% stock dividend
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