What would the equity accounts be after the stock dividend

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Question - The company with the common equity accounts shown here has declared a 15 percent stock dividend when the market value of its stock is $64 per share.

Common stock ($1 par value) $225,000

Capital surplus 535,000

Retained earnings 2,968,500

Total owners' equity $3,728,500

Required -

1. What would be the number of shares outstanding, after the distribution of the stock dividend?

2. What would the equity accounts be after the stock dividend?

Reference no: EM133175156

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