Business, 01.07.2021 19:10, hjeffrey168

Murphy's, Inc., has 45,000 shares of stock outstanding with a par value of $1 per share. The market value is $10 per share. The balance sheet shows $70,500 in the capital in excess of par account, $45,000 in the common stock account, and $133,500 in the retained earnings account. The firm just announced a stock dividend of 12 percent. What will the balance in the capital in excess of par account be after the dividend?

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Murphy's, Inc., has 45,000 shares of stock outstanding with a par value of $1 per share. The market...