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How much will total equity become following stock dividend

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Reference no: EM132974247

Problem - Ollie Goose Inc. has $2.00 par value common stock of $5,000,000. The firm has 2,500,000 shares outstanding. The additional paid-in capital account has a balance of $1,000,000 and the retained earnings account has a balance of $2,000,000. The market price of the stock is $2.50 per share. The firm is considering issuing a 15% stock dividend.

How much will the retained earnings account become following the stock dividend?

How much will total equity become following the stock dividend?

How much will the additional paid-in capital account become following the stock dividend?

Reference no: EM132974247

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