Common stock$10 par value, 150,000 shares authorized, 72,000 shares issued and outstanding $ 720,000 ...
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Accounting
| Common stock$10 par value, 150,000 shares authorized, 72,000 shares issued and outstanding | $ | 720,000 | |
| Paid-in capital in excess of par value, common stock | 525,000 | ||
| Retained earnings | 675,000 | ||
| Total stockholders equity | $ | 1,920,000 | |
On February 5, the directors declare a 12% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $45 per share on February 5 before the stock dividend. The stocks market value is $40 per share on February 28.
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