Gordon Corporation reported the following equity section on its current balance

Question

Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $ 14 $14 per share. Common? Stock, $ 6 $6 ?Par, 135 comma 000 135,000 shares? authorized, 54 comma 000 54,000 shares issued and outstanding $ 324 comma 000 $324,000 Paid minus ?in Capital in Excess of Par long dash —Common 131 comma 000 131,000 Retained Earnings 310 comma 000 310,000 Total? Stockholders' Equity $ 765 comma 000 $765,000 What would be the total? stockholders' equity after a 12 12?% common stock? dividend?

Explanation / Answer

The total stockholders' equity after a 12% common stock dividend would be $765,000.

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