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What did retained earnings change to

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Reference no: EM132497956

Prior to declaring bankruptcy, Radio Shack had the following figures on its financial statements:

Common stock ($0.50 par, 900,000 shares outstanding: $450,000

Contributed capital in excess of par: $5,580,000

Retained earnings: $21,204,000

Total common stockholder's equity: $27,234,000

The stock was trading at $20 per share (far lower than its price of $76 a year before). Either way, they decided to issue a stock dividend of 10% and a cash dividend of $0.10 per share. What did retained earnings change to?

Reference no: EM132497956

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