nswered t Answer Retained earnings and total equity were $17,000 and $432,000, respectively, at the end...

Transcribed Image Text:

nswered t Answer Retained earnings and total equity were $17,000 and $432,000, respectively, at the end of Year 4. There were 20,000 shares of common stock issued and outstanding at the end of Year 4 and no preferred shares were authorized. What is total equity if they declared a 10% stock dividend when market value is $27 per share and earned 189,000 in net income? 611,000 621,000 margin of error- nswered t Answer Retained earnings and total equity were $17,000 and $432,000, respectively, at the end of Year 4. There were 20,000 shares of common stock issued and outstanding at the end of Year 4 and no preferred shares were authorized. What is total equity if they declared a 10% stock dividend when market value is $27 per share and earned 189,000 in net income? 611,000 621,000 margin of error-