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Boats and Bait has 58,000 shares outstanding that sell for a price of $54 per share. The stock has a par value of $1 per
Posted: Fri Jul 01, 2022 7:47 am
by answerhappygod
- Boats And Bait Has 58 000 Shares Outstanding That Sell For A Price Of 54 Per Share The Stock Has A Par Value Of 1 Per 1 (10.3 KiB) Viewed 36 times
Boats and Bait has 58,000 shares outstanding that sell for a price of $54 per share. The stock has a par value of $1 per share. The
company's balance sheet shows capital surplus of $85,000 and retained earnings of $125,000. If the
company declares a stock dividend of 17.5 percent, what is the new common stock value on the balance sheet?
ะพ $99,875 $68,150 $314,900 $168,025 $246,750