Question: The owners' equity accounts for Quadrangle International are shown here: Common stock ($1 par value)...............$ 30,000 Capital surplus.................................285,000 Retained earnings.............................649,180 Total owners' equity........................$964,180 a. If

The owners' equity accounts for Quadrangle International are shown here:

Common stock ($1 par value)...............$ 30,000

Capital surplus.................................285,000

Retained earnings.............................649,180

Total owners' equity........................$964,180

a. If Quadrangle stock currently sells for $30 per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change.

b. If Quadrangle declared a 25 percent stock dividend, how would the accounts change?

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