Question: Question 2: The DeWitt Company's shareholders' equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a

Question 2:

The DeWitt Company's shareholders' equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a share.

Common stock ($10 par value) 10,000,000

Additional paid-in capital 10,000,000

Retained earnings 15,000,000

Total shareholders' equity 35,000,000

Required:

Reformulate the shareholders equity account, if the company pays a 35 percent stock dividend.

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