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

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Problem 1: Bruno's has 7,000 shares of stock outstanding with a par value of P1.00 per share and a market value of P12 per share. The balance sheet shows P7,000 in the common stock account, P58,000 in the capital in excess of par account and P32,500 in the retained earnings account. The firm just announced a 50% (large) stock dividend. What is the value of the capital in excess of par account after the dividend?

Reference no: EM132759597

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