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Cba inc has 260000 shares outstanding with a 55 par value

Question: CBA Inc has 260,000 shares outstanding with a $5.5 par value. The shares were issued for $15.5. The stock is currently selling for $27.5. CBA has $8,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6.50%. What will be the capital in excess of par account after the stock dividend?

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Accounting Basics: Cba inc has 260000 shares outstanding with a 55 par value

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Accounting Basics: Cba inc has 260000 shares outstanding with a 55 par value

Reference No:- TGS02371653

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