Omega Sports has the following equity accounts on its balance sheet:
Common stock ($.50 par, 900,000 shares)
Paid in excess
Total common stockholders' equity
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The correct answer is 19,305,000. Here is the explanation:
When the company issued a 10% stock divided, it issues 10% of 900,000 = 90,000 extra shares. The market value is 20 per ...
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