What is the capital surplus account

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Reference no: EM132032831

1. Gulf oil inc. reported the following common equity account in its balance sheet. The company just declared 10 percent stock dividend when the market value of its stock was $20 per share. What is the capital surplus account after the 10 percent stock dividend?

2. What is the effective interest rate of 8% nominal annual interst rate compounded daily? (assume 365 days a year).

Reference no: EM132032831

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