Dim Sum Restaurant Group Limited has the following shareholders' equity account as of 31 December 2018:...

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Dim Sum Restaurant Group Limited has the following shareholders' equity account as of 31 December 2018: Share capital Capital surplus Retained profit Total shareholders' equity $250,000 $950,000 $13,850,600 $15,050,600 Note: The par value of common stock is $1 per share a Dim Sum's board of directors has just declared a 20% share dividend when the market price is $25 per share. What are the new figures for each of the items in the table above? (10 marks) b Suppose the board of directors decides instead to have a one for ten reverse share split. The consensus forecast of dividend per share Dim Sum Restaurant Group Limited has the following shareholders' equity account as of 31 December 2018: Share capital Capital surplus Retained profit Total shareholders' equity $250,000 $950,000 $13,850,600 $15,050,600 Note: The par value of common stock is $1 per share a Dim Sum's board of directors has just declared a 20% share dividend when the market price is $25 per share. What are the new figures for each of the items in the table above? (10 marks) b Suppose the board of directors decides instead to have a one for ten reverse share split. The consensus forecast of dividend per share

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a To calculate the new figures for each item in the table after the 20 share dividend 1 Share capita... View the full answer