Murphys inc has 10000 shares of stock outstanding with a, Ask an Expert

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Murphy's Inc. has 10,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $8 per share. The balance sheet shows $32,500 in the capital excess of par account. $10,000 in the common stock account, and $42,700 in the retained earning account. The firm just annouced a 10 percent (small) stock dividened. What will the balance in the retained earnings account be after the dividend?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92360281

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