Question: ANSWER SOOOOOOON $ $ Problem 10-06 A firm's balance sheet has the following entries: Cash $ 9,000,000 Total liabilities 34,000,000 Common stock ($6 par; 3,000,000

ANSWER SOOOOOOON
ANSWER SOOOOOOON $ $ Problem 10-06 A firm's balance sheet has the
following entries: Cash $ 9,000,000 Total liabilities 34,000,000 Common stock ($6 par;

$ $ Problem 10-06 A firm's balance sheet has the following entries: Cash $ 9,000,000 Total liabilities 34,000,000 Common stock ($6 par; 3,000,000 shares outstanding) 18,000,000 Additional paid-in capital 4,500,000 Retained earnings 38,000,000 What will be each of these balance sheet entries after: a. a three-for one stock split? Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Cash Total liabilities Common stock ($ par shares outstanding) $ Additional paid-in capital Retained earnings b. a $1.25 per share cash dividend? Use the original balance sheet from the problem statement Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar. Cash Total liabilities $ Common stock ($ shares outstanding) $ Additional pald-in capital Retained earnings $ c. a 10 percent stock dividend (current price of the stock is $17 per share)? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of share outstanding to the nearest whole number, and the other answers to the nearest dollar Cash $ par $ Total liabilities Common stock (5 par shares outstanding) c. a 10 percent stock dividend (current price of the stock is $17 per share)? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar Cash $ Total liabilities Common stock ($ shares outstanding) $ Additional paid-in capital $ $ par: Retained earnings

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!