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undefined The stockholders' equity section of Pina Colada Corp's balance sheet consists of common stock ($8 par) $824,000 and retained earnings $316,000. A 10% stock
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The stockholders' equity section of Pina Colada Corp's balance sheet consists of common stock ($8 par) $824,000 and retained earnings $316,000. A 10% stock dividend (10,300 shares) is declared when the market price per share is $16. Show the before-and- after effects of the dividend on the following. (a) (b) The components of stockholders' equity. Shares outstanding. Before Dividend After Dividend Stockholders' equity $ $ Outstanding sharesStep by Step Solution
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