Question: Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $13.75 per share. Common Stock, $9
Grape Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $13.75 per share. Common Stock, $9 Par. 109,000 shares authorized, 53,000 shares issued and outstanding $477,000 Paid-in Capital in Excess of Par-Common 177,000 Retained Earnings 400.000 Total Stockholders' Equity $1.054.000 What would be the balance in the Common Stock account after the issuance of a 14% stock dividend? $477,000 $543,780 5354.000 $410.220
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