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as you guys can see , it already have the answer , but i want...

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Accounting

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as you guys can see , it already have the answer , but i want the step calculation . thank you guys

d) Board of directors of Bulan Terang Berhad have authorized 15-percent stock dividend after registering RM20 million pre-tax profit . Bulan Terang Berhad decided to pay stock dividends to its shareholders instead of cash since the wants to use the cash for investing in future growth investment. The stock dividend will be distributed between December to March 2014. The number of shares issued to each record shareholder will be rounded up to the nearest whole number. The company's common shares are currently trading at RM5 per share. The extracted partial balance sheet of Bulan Terang is as follows: [olo). Partial Balance Sheet for Bulan Terang Berhad (RM) Preferred stock 100,000,000 Common stock 200,000,000 Capital excess 150,000,000 Retained Earning 250,000,000 Total shareholders' Equity 700,000,000 Construct the company's new equity after stock dividend. Answer: Total Equity RM700,000,000 (6 marks)

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