Davidsons has 15000 shares of stock outstanding with a par, Financial Management

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Davidsons has 15000 shares of stock outstanding with a par

Davidsons has 15,000 shares of stock outstanding with a par value of $1 per share and a market value of $45 per share. The balance sheet shows $15,000 in the common stock account, $158,000 in the capital in excess of par account, and $132,500 in the retained earnings account. The firm just announced a 50 percent stock dividend. What is the value of the retained earnings account after the dividend?

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Financial Management: Davidsons has 15000 shares of stock outstanding with a par

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Financial Management: Davidsons has 15000 shares of stock outstanding with a par

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