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QUESTION
On June 30, 2010, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows:
On June 30, 2010, when Ermler Co.'s stock was selling at $65 per share, its capital accounts were as follows:Capital stock (par value $50; 60,000 shares issued) $3,000,000 Premium on capital stock 600,000 Retained earnings 4,200,000 If a 100% stock dividend were declared and distributed, capital stock would be
