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QUESTION
Eggers Inc. has retained earnings of $1,600,000 and total stockholders' equity of $4,000,000.
Eggers Inc. has retained earnings of $1,600,000 and total stockholders' equity of $4,000,000. It has 400,000 shares of $5 par value common stock outstanding, which is currently selling for $30 per share. If Eggers declares a 10% stock dividend on its common stock:
