On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their balance sheet: On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $16 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common?

Question

On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their balance sheet:  On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $16 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common?

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The Answer of On June 30, 2017, Martin Brothers, Inc. showed the following data on the equity section of their balance sheet:  On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $16 per share. Following this transaction, what is the balance of Paid-In Capital in Excess of Par-Common?