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How many new shares will be distributed

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Reference no: EM132807128

The owners' equity accounts for Southern Lights International are shown here:

Common stock ($.50 par value) $42,500

Capital surplus 345,000

Retained earnings 758,120

Total owners' equity $1,145,620

Problem 1: If the company's stock currently sells for $20 per share and a 15 percent stock dividend is declared, how many new shares will be distributed? (Do not round intermediate calculations.)

Problem 2: Show the new equity account values.

Reference no: EM132807128

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