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What would be the balance in the common stock account

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Problem

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.

common stock $8 par, 100,000 shares authorized 40,000 shares issue - $320000

Paid in capital in excess of par - common - $150,000

Retained earning $330,000

Total Stockholders Equity - $800,000

What would be the balance in the Common Stock account after the issuance of a 10% stock dividend?
$300,000
$288,000
$352,000
$320,000.

Reference no: EM131783281

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