Short Answer
On August 31,2013,Gilliam Corporation's common stock is priced at $50 per share before any stock dividend,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 35% stock dividend.
-What is the total amount in the Retained Earnings account immediately after the stock dividend?
Correct Answer:
Verified
Correct Answer:
Verified
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