Business, 01.07.2021 20:00 issacurlyheadka

Boats and Bait has 78,000 shares outstanding that sell for a price of $74 per share. The stock has a par value of $2 per share. The company's balance sheet shows capital surplus of $185,000 and retained earnings of $225,000. If the company declares a stock dividend of 17.5 percent, what is the new common stock value on the balance sheet?

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Boats and Bait has 78,000 shares outstanding that sell for a price of $74 per share. The stock has a...

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