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Westhaven Corp. currently has 20,000 shares outstanding that sell for $52 per share. The company plans to issue a stock dividend of 10 percent. The

Westhaven Corp. currently has 20,000 shares outstanding that sell for $52 per share. The company plans to issue a stock dividend of 10 percent. The stock has a par value of $3. What is the total capital surplus on the new shares?

Multiple Choice

$118,500
$98,000
$6,000
$176,000
$104,000

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