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Question - On June 30, 2018, when Bramble Corp.'s stock was selling at $66 per share, its capital accounts were as follows:
Capital stock (par value $50; 51000 shares issued) $2550000
Premium on capital stock 510000
Retained earnings 4180000
If a 100% stock dividend were declared and distributed, compute the capital stock?
a) $6732000.
b) $2550000.
c) $3060000.
d) $5100000.
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