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Determine total stockholders equity after stock dividend

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Reference no: EM133135254

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?

Reference no: EM133135254

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