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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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the owners’ equity accounts for Quadrangle International are shown here:
Common stock ($1 par value) 30,000 Capital surplus 285,000 Total owners’ equity 964180 |
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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