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CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5.00o0.000 in etained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. What will be the "capital in excess of par account after the stock dividend? Mumple Choice $7.685.000 $2.685.000 $3.496.000 $2.385.000

CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5.00o0.000 in etained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6%. What will be the "capital in excess of par account after the stock dividend? Mumple Choice $7.685.000 $2.685.000 $3.496.000 $2.385.000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5.000.000 in retained earnings and has declared a stock dividend that will Increase the number of outstanding shares by 6%. What will be the "capital in excess of par account afler the stock dividend? Mumple Choice $7685.000 $2.685 000 $3.496,000 $2.385.000
Transcribed Image Text:CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5.000.000 in retained earnings and has declared a stock dividend that will Increase the number of outstanding shares by 6%. What will be the "capital in excess of par account afler the stock dividend? Mumple Choice $7685.000 $2.685 000 $3.496,000 $2.385.000
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