On June 30, 2017, Stephans, Inc. showed the following data on the equity section of their balance
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Question:
On June 30, 2017, Stephans, Inc. showed the following data on the equity section of their balance sheet:
Stockholders' equity
Common stock, $1 par; 204,000 shares authorized, 151,000 shares issued and outstanding
$151,000
Paid-In Capital in Excess of ParCommon
$272,000
Retained Earnings
946,000
Total Stockholder's Equity
$1,369,000
On July 1, 2017, the company declared and distributed a 6% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is total stockholders' equity?
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