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Samuel's has 7,000 shares of stock outstanding with a par valueof $1.00 per share and a market value of $12 per share. The balancesheet shows $7,000 in the common stock account, $58,000 in thecapital in excess of par account and $32,500 in the retainedearnings account. The firm just announced a 50% (large) stockdividend. What is the value of the capital in excess of par accountafter the dividend?
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Accounting