The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25

Question:

The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 13,000 shares of stock outstanding. What will the ex-dividend price be?

Market Value Balance Sheet

Cash...............$ 83,000...............Debt...............$121,000

Fixed assets........575,000...............Equity...............537,000

Total...............$658,000...............Total...............$658,000

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...