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Business, 10.09.2019 03:30 oaaliyah505

Alexander, inc., declared and distributed a 10 percent stock dividend on its 700,000 shares of outstanding $5 par value common stock when the stock was selling for $12 per share. the outstanding shares had originally been sold at $8 per share. the balance in retained earnings before the declaration of the stock dividend, but after the addition of the current year’s net income, was $995,000. prepare the stockholders’ section of alexander’s balance sheet to reflect these facts.
common stock
addt'nal paid-in capital-common stock

retained earnings
total stockholders' equity

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