Gordon Corporation reported the following equity section on its current balance sheet
The common stock is currently selling for $12.00 per share.
Common Stock, $10 Par, 103,000 shares authorized, 58,000 shares issued and outstanding $580,000
Paid-in Capital in Excess of Par-Common 125,000
Retained Earnings 302,000
Total Stockholders' Equity $1,007,000
What would be the total stockholders' equity after a 15% common stock dividend?
A) $1,073,700
B) $705,000
C) $1,007,000
D) $604,200
C
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