Solution-What is the reformulated capital structure on

What is the reformulated capital structure on december 31

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Reference no: EM13538662

Reformulated Capital Structure. Blake Company's capital structure on December 30, 20X1, was:

Common stock ($1 par, 100,000 shares)	$100,000
Paid-in capital on common stock	20,000
Retained earnings	680,000
Total stockholders' equity	$800,000

The company's net income for 20X1 was $150,000. It paid out 40 percent of earnings in dividends. The stock was selling at $6 per share on December 30.

Assuming the company declared a 5 percent stock dividend on December 31, what is the reformulated capital structure on December 31?

Reference no: EM13538662

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What is the reformulated capital structure on december 31

Reference no: EM13538662

Reference no: EM13538662

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