Question

Firm A had the following selected items on its balance sheet:
Cash....................... $ 28,000,000
Common stock ($50 par; 2,000,000 shares outstanding).. 100,000,000
Additional paid-in capital.............. 10,000,000
Retained earnings............... 62,000,000
How would each of these accounts appear after:
a. a cash dividend of $1 per share?
b. a 5 percent stock dividend (fair market value is $100 per share)?
c. a one-for-two reverse split?


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  • CreatedMarch 19, 2015
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