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Determine total stockholders equity after stock dividend

    Assignment Instructions

    Assignment ID: FG133135254

    Question – The following information is available for Marin Rock Corporation:

    Common Stock ($5 par) $1,600,000

    Retained Earnings 1,245,000

    An 18% stock dividend is declared and paid when the market value was $16 per share.

    (a) Determine the total stockholders’ equity after the stock dividend.

    (b) Determine the number of shares outstanding after the stock dividend?

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