Question: Consider the following data: Amount ($) Common stock ($1 par value) 400,000 Capital surplus 900,000 Retained earnings 5,000,000 TOTAL OWNERS EQUITY 6,300,000 Current market price

Consider the following data: Amount ($) Common stock ($1 par value) 400,000 Capital surplus 900,000 Retained earnings 5,000,000 TOTAL OWNERS EQUITY 6,300,000 Current market price of shares = $51 per share. What will be the effect of a 10% stock dividend on the equity accounts? Supply the revised figures for all line items after the dividend.

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