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A company has 64,000 shares outstanding that sell for a price of $60 per share. ...
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A company has 64,000 shares outstanding that sell for a price of $60 per share. The stock has a par value of $1 per share. The company's balance sheet shows capital surplus of $115,000 and retained earnings of $155,000. If the company declares a stock dividend of 20 percent, what is the new common stock value on the balance sheet?
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