How many shares will be outstanding after the dividend

Reference no: EM13290880

Cooper & Moore has the following equity account balances: common stock of $40,000 with a $1 par value, capital surplus of $328,000, and retained earnings of $429,000. The stock has a market value of $29 a share. Assume the company issues a 10 percent stock dividend. How many shares will be outstanding after the dividend?

Reference no: EM13290880

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