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Question
a firm's balance sheet has the following entries:
cash $30,000,000
total assets 100,000,000
common stock (10,000,000 20,000,000
shares outstanding, $2 par)
additional paidin capital 5,000,000
retained earnings 35,000,000
what will be each of these balance sheet entries after a
a. $2 a share cash dividend
b. fourforone split
c. 5 percent stock dividend (current price of the
stock is $20)?
Answer
This answer is hidden. It contains 461 characters.
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