Stock Dividends The company with the common equity accounts shown here has declared a 12 percent stock dividend when the market value of its stock is $45 per share. What effects on the equity accounts will the distribution of the stock dividend have?
Common stock ($1 par value) | $ 380,000 |
Capital surplus | 1,750,000 |
Retained earnings | 4,150,000 |
Total owners’ equity | $6,280,000 |
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