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The stockholders' equity section of Pharoah Company's balance sheet consists of common stock...

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Accounting

The stockholders' equity section of Pharoah Company's balance sheet consists of common stock ( $8 par) $1,072,000 and retained earnings $354,000. A 10% stock dividend (13,400 shares) is declared when the market price per share is $23. Show the before-andafter effects of the dividend on the following.
(a) The components of stockholders' equity.
(b) Shares outstanding.
\table[[,\table[[Before],[Dividend]],,\table[[After],[Dividend]]],[Stockholders' equity,$,$,],[Outstandin,,,]]
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