• Murphy's, Incorporated, has 75,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $73,500 in the capital in excess of par account, $75,000 in the common stock account, and $139,500 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the balance in the capital in excess of par account be after the dividend? Multiple Choice $154,500 $163,500 $145,500 $240,000 $58,500

  
  

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The calcula... View the full answer