Common stock, $6 par value $498,000
Paid-in capital in excess of par value 22,120
Retained earnings 156,180
Total stockholders’ equity $676,300
On October 1, Kosko declares and distributes a 10% stock dividend when the market value of the stock is $15 per share
Retained earnings ( common stock + additional Paid-in- Capital)
Common stock $49,800 ( 10% of 498,000)
Additional Paid-in-Capital ????????
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