The present market value of brimstone stock

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Reference no: EM1387190

Q. The stockholders' equity portion of Brimstone Tire Corporation follows:
Common Stock (2.0 million shares at $10 par)$20,000,000
Capital in excess of par17,000,000
Retained earnings33,000,000
Total $70,000,000

The present market value of Brimstone's stock is $20. Show illustrate what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.

Reference no: EM1387190

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