What is the value of the capital in excess of par account

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Tire Shop has 9,500 shares of stock outstanding with a par value of $1 per share and a market value of $25 per share. The balance sheet shows $9,000 in the common stock account , $30,350 in the capital in excess of par account, and $82,400 in the retained earnings account. The firm just announced a 100 percent stock dividend. What is the value of the capital in excess of par account after the dividend?

Reference no: EM132466985

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