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QUESTION
The owners equity accounts are shown here: Common Stock ($1 par value) $30,000 Capital Surplus 185,000 Retained earnings 610,000 Total owners equity...
The owners equity accounts are shown here:Common Stock ($1 par value) $30,000Capital Surplus 185,000Retained earnings 610,000Total owners equity 825,000A. If trans world currently sells for for $42 per share and a 10 percent stock dividend is declared how many new shares will be distributed? Show how accounts would change.B. If Trans world declared a 25% stock dividend, how would the accounts change?
