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Business, 15.04.2020 03:49 enrique2211

Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $74,500 in the capital in excess of par account, $85,000 in the common stock account, and $141,500 in the retained earnings account. The firm just announced a stock dividend of 11 percent. What will the balance in the capital in excess of par account be after the dividend

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Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market...
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