Ma's Fried Chicken Has 21,000 Shares of Stock Outstanding with a Par

question 71

Multiple Choice

Ma's Fried Chicken has 21,000 shares of stock outstanding with a par value of $1 per share and a market value of $41 per share. The balance sheet shows $121,000 in the capital in excess of par account and $204,000 in the retained earnings account. The firm just announced a 5 percent stock dividend. What will be the total owners' equity after the dividend?

• A) $354,000
• B) $298,000
• C) $346,000
• D) $321,000
• E) $325,000

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