The following information is available for Blowing Rock Corporation:
Common Stock ($5 par) $1,600,000
Retained Earnings 1,200,000
An 18% stock dividend is declared and paid when the market value was $16 per share.
Required:
a. Compute total stockholders' equity after the stock dividend.
b. Compute number of shares outstanding after the stock dividend.
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The following information is available for Blowing Rock Corporation:
Common Stock ($5 par) $1,600,0...
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