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The stockholders equity section

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Reference no: EM131796888

On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000.

Omar is considering the following two courses of action:

(1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding, or

(2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share.

Reference no: EM131796888

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