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QUESTION
The stockholders' equity portion of Brimstone Tire Company follows: Common Stock (2.
The stockholders' equity portion of Brimstone Tire Company follows: Common Stock (2.0 million shares at $10 par)$20,000,000Capital in excess of par17,000,000Retained earnings33,000,000 $70,000,000The current market value of Brimstone's stock is $20. Show what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.
