Indicate the balances in three stockholders equity accounts

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On October 1, Blossom Corporation's stockholders' equity is as follows.

Common stock, $6 par value $463,200

Paid-in capital in excess of par-common stock 30,000

Retained earnings 174,000

Total stockholders' equity $667,200

On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $15 per share.

Problem 1: Indicate the balances in the three stockholders' equity accounts after the stock dividend shares have been distributed.

Reference no: EM132961751

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