BE12-9 The stockholders’ equity section of Martin Corporation consists of common stock
($10 par) $2,000,000 and retained earnings $300,000. A 10% stock dividend (20,000 shares) is declared when the market value per share is $14.
Show the before and after effects of the dividend on the following.
(a) The components of stockholders’ equity.
(b) Shares outstanding.
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