On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: 
On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would be the new number of shares issued shown on the balance sheet?
Definitions:
Simple Interest
Interest calculation method that involves multiplying the principal amount by the interest rate and the term of the loan or investment, without compounding.
Annual Rate
The interest rate for a loan or investment over a one-year period, often used to compare the yield of financial products.
Student Loans
Loans taken by students to cover higher education expenses, expected to be repaid with interest.
Simple Interest Rates
Interest calculated only on the principal amount of a loan or deposit, without compounding over time.
Q50: Irrespective of the original profit-and-loss-sharing ratio, the
Q51: Revival Corporation's annual report is as follows.
Q60: A certain contingent liability was evaluated at
Q71: All available-for-sale (AFS)investments are reported on the
Q79: Avatar Company uses the indirect method to
Q83: On January 1, 2015, Carter Sales issued
Q87: When a company receives a dividend payment
Q141: Ross Corporation reported the following equity section
Q152: A certain contingent liability was evaluated at
Q158: Revival Corporation's annual report is follows. <img