Murphy's, Incorporated, has 70,000 shares of stock outstanding with a par value of $1 per share. The market value is $12

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Murphy S Incorporated Has 70 000 Shares Of Stock Outstanding With A Par Value Of 1 Per Share The Market Value Is 12 1 (41.34 KiB) Viewed 45 times

Murphy's, Incorporated, has 70,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $73,000 in the capital in excess of par account, $70,000 in the common stock account, and $138,500 in the retained earnings account. The firm just announced a stock dividend of 11 percent. What will the balance in the capital in excess of par account be after the dividend? Multiple Choice O O $150,000 $232,400 $165,400 $157,700