1 gulf oil inc reported the following common equity account, Ask an Expert

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1. Gulf oil inc. reported the following common equity account in its balance sheet. The company just declared 10 percent stock dividend when the market value of its stock was $20 per share. What is the capital surplus account after the 10 percent stock dividend?

2. What is the effective interest rate of 8% nominal annual interst rate compounded daily? (assume 365 days a year).

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Financial Management, Finance

Category:- Financial Management
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