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In: Finance
The P Company has the following capital structure: Common stock ($5 par, 250,000 shares) $1,250,000 Contributed...
The P Company has the following capital structure:
Common stock ($5 par, 250,000 shares) $1,250,000
Contributed capital in excess of par $5,000,000
Retained earnings $4,000,000
The company declares a 10 percent stock dividend. The pre-stock dividend market price of the company’s stock is $50. Determine the balance in the retained earnings account after the stock dividend. Determine the balance in the common stock account after the stock dividend.
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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$77 per share.
20,000...
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