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Cba inc has 400000 shares os with a 5 par value the shares

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CBA Inc has 400,000 shares o/s with a $5 par value. The shares were issued for $12/share. The stock is currently selling for $34/share. CBA has $5,000,000 in Ret. Earnings and has declared a stock dividend that will increase the number of o/s shares by 6%. What will be the capital in excess of par account after the stock dividend?

Reference no: EM13618950

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