What will be the balance in the retained earnings account

Reference no: EM132043968

Question: Pluto's has 14,000 shares of stock outstanding with a par value of $1 per share. The market value is $39.60 per share. The balance sheet shows $522, 500 in the capital in excess of par account, $14,000 in the common stock account, and $429, 700 in the retained earnings account. The firm just announced a 10 percent (small) stock dividend. What will be the balance in the retained earnings account after the dividend?

Reference no: EM132043968

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