The stockholders equity section of Maley Corporation s balance sheet consists
The stockholders’ equity section of Maley Corporation’s balance sheet consists of common stock ($8 par) $1,000,000 and retained earnings $300,000. A 10% stock dividend (12,500 shares) is declared when the market price per share is $19. Show the before-and-after effects of the dividend on
(a) The components of stockholders’ equity and
(b) The shares outstanding.

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