Samuel's has 42,000 shares of stock outstanding with a par value of $1 per share and a market price per share of $41. The balance sheet shows $1,358,000 in the capital in excess of par account and $2,212,500 in the retained earnings account. The firm just announced a stock dividend of 50 percent. What is the value of the capital in excess of par account after the dividend?
A) $1,358,000
B) $612,500
C) $518,000
D) $497,000
E) $221,900
A) $1,358,000
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Fill in the blank(s) with the appropriate word(s).
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