Stock Dividends. The company with the common equity accounts shown here has declared a 10 percent…

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Stock Dividends. The company with the common equity accounts shown here has declared a 10 percent stock dividend at a time when the market value of its stock is $48 per share. What effects on the equity accounts will the distribution of the stock dividend have?

Common stock ($1 par value)

$ 425.000

Capital surplus

1,430.000

Retained earnings

3,250.000

Total owners” equity

$5.105,000

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