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The stockholders' equity portion of Brimstone Tire Company follows: Common Stock (2 million shares at $10...

The stockholders' equity portion of Brimstone Tire Company follows:

Common Stock (2 million shares at $10 par)
Capital in excess of par
Retained earnings
Total

$ 20,000,000
$ 17,000,000

$ 33,00,000
$70,000,000

      The current market value of Brimstone's stock is $25. Show what the balance sheet will look like if Brimstone declares a 5% stock dividend.

Solutions

Expert Solution

VALUE OF RESERVES HAS 1 ZERO LESS. I HAVE TAKEN IT AS 33,000,000 OTHERWISE TOTAL WILL NOT TALLY. THANK YOU

jeff jeffy answered 1 year ago
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