Val's Marina's balance sheet shows $25,000,000 in the common stock account at $1 par, $375,000,000 in the capital in excess of the par account, and $56,000,000 in the accumulated retained earnings account. The firm just announced a 15 percent stock dividend.

What is the value of the capital in excess of par account after the dividend?

Answer rating: 100% (QA)

When a company issues a stock dividend it distributes additional shares of stock to existing shareho... View the full answer