Equity account balances after stock dividend distribution

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Reference no: EM131629170

The company with the common equity accounts shown here has declared a 10 percent stock dividend at a time when the market value of its stock is $62 per share.

Common stock ($1 par value) $ 440,000

Capital surplus 1,552,000

Retained earnings 3,872,000

Total owners’ equity $ 5,864,000

Show the new equity account balances after the stock dividend distribution.

Reference no: EM131629170

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