Question: can someone please answer this question with the final results in the table? Thank you!! On October 31, Lynch Corporation's liabilities totaled $180,000. Its shareholders'
can someone please answer this question with the final results in the table? Thank you!!
On October 31, Lynch Corporation's liabilities totaled $180,000. Its shareholders' equity consisted of 82,000 common shares issued, $820,000 and retained earnings, $250,000. Lynch is considering the following three courses of action: (1) paying a $0.75 cash dividend, (2) declaring a 13% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price is $14 per share. Complete the following tabular summary of the effects of the alternative actions on Lynch's shareholders' equity and number of shares. Click if you would like to Show Work for this question: Open Show Work
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