Question
Val's Marina's balance sheet shows $25,000,000 in the common stock account at $1 par, $375,000,000 in the capital in excess of the par account, and
Val's Marina's balance sheet shows $25,000,000 in the common stock account at $1 par, $375,000,000 in the capital in excess of the par account, and $56,000,000 in the accumulated retained earnings account. The firm just announced a 15 percent stock dividend.
What is the value of the capital in excess of par account after the dividend?
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Financial Accounting Information for Decisions
Authors: John Wild
7th edition
78025893, 978-0078025891
