Gordon Corporation Reported the Following Equity Section on Its Current

question 108

Multiple Choice

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. What would be the total stockholders' equity after a 10% common stock dividend?

• A)$656,000
• B)$320,000
• C)$610,000
• D)$366,000

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