Business, 05.05.2020 05:32 shawny9979

Has 12,200 shares of stock outstanding with a par value of $1 per share. The market value is $27.50 a share. The balance sheet shows $12,200 in the common stock account, $146,598 in the capital in excess of par account, and $263,455 in the retained earnings account. The firm just announced a stock dividend of 15 percent. What is the balance in the retained earnings account after the dividend

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Has 12,200 shares of stock outstanding with a par value of $1 per share. The market value is $27.50...

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