The company with the common equity accounts shown here has declared a stock dividend of 15...

The company with the common equity accounts shown here has declared a stock dividend of 15 percent at a time when the market value of its stock is $41 per share.


Common stock ($1 par value)	$	395,000
Capital surplus		848,000
Retained earnings		3,740,800
Total owners' equity	$	4,983,800

What would be the number of shares outstanding, after the distribution of the stock dividend? (Do not round intermediate calculations.)

New shares outstanding {C} {C}{C}

What would the equity accounts be after the stock dividend? (Do not round intermediate calculations.)


Common stock	$	{C} {C}{C}
Capital surplus		{C} {C}{C}
Retained earnings		{C} {C}{C}
Total owners' equity	$

Expert Solution

jeff jeffy answered 1 year ago

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