Bruno's has 17,000 shares of stock outstanding with a par value of $1 per share and a market value of $38.29 per share.The balance sheet shows $17,000 in the common stock account,$528,360 in the capital in excess of par value account,and $432,500 in the retained earnings account.The firm just announced a 50 percent (large) stock dividend.What will be the balance in the capital in excess of par value after the dividend?
A) $211,395
B) $792,540
C) $845,325
D) $528,360
E) $202,895
Correct Answer:
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