Question: Hi can someone please answer this question with solutions in boxes thank you! On october 31, lynch corporation's liabilities totaled 217,000. Its equity consisted of
Hi can someone please answer this question with solutions in boxes thank you!
On october 31, lynch corporation's liabilities totaled 217,000. Its equity consisted of 83,000 common shared issued, $83,000 and retained earnings, $250,000. Lynch considering the following three courses of action: (1) paying a $1,00 cash dividend, (1) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock. The current market price is 513 per share. Complete the following tabular summary of the effects of the alternative actions on lynch's shareholder's equity and number of shares
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