Dr Nick

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    Kaplan University
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    University of Santo Tomas
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Category > Accounting Posted 08 Jun 2017 My Price 14.00

following data on the equity section

This question is due now

On June 30, 2015, EZ Financing Inc showed the following data on the equity section of their balance  sheet:

On  July 1, 2015, EZ Financing  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 the new balance in Retained Earnings be?

 

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Dr Nick
(3)
Status NEW Posted 08 Jun 2017 04:06 PM My Price 14.00

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