On October 1, Little Bobby Corporations stockholders equity is as follows. Common stock, $5 par...
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Accounting
On October 1, Little Bobby Corporations stockholders equity is as follows. Common stock, $5 par value $409,000 Paid-in capital in excess of parcommon stock 26,010 Retained earnings 152,430 Total stockholders equity $587,440 On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. Indicate the balances in the three stockholders equity accounts after the stock dividend shares have been distributed.
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