Brief Exercise $14-04$

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The stockholders' equity section of Bonita Corporation consists of common stock $($ $$10$ par$)$ $$2,400,000$ and retained earnings $$527,000.$ A $10\%$ stock dividend $(24,000$ shares$)$ is

declared when the market price per share is $$14.$ Show the before$-$and$-$after effects of the dividend on the following.

$($a$)$ The components of stockholders' equity.

$($b$)$ Shares outstanding.

$($c$)$ Par value per share.

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