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Question
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 10% stock dividend.
| Common stock$7 par value, 95,000 shares authorized, 44,000 shares issued and outstanding | $ 308,000 | |||
| Paid-in capital in excess of par value, common stock | 100,000 | |||
| Retained earnings | 375,000 | |||
| Total stockholders' equity | $783,000 | |||
What is the total amount in the Retained Earning account immediately after the stock dividend?
Answer
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Q:
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