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Business, 07.04.2020 17:29 zgueyeu

The stockholders’ equity section of Blue Spruce Corp.’s balance sheet consists of common stock ($8 par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) is declared when the market price per share is $18. (a) Show the before-and-after effects of the dividend on the components of stockholders’ equity.(b) Show the before-and-after effects of the dividend on the shares outstanding.

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