Question: need help solving A,B,C,D,E Dividend payment procedures Al the quarterly dividend meeting. Wood Shoes declared a cash dividend of $136 per share for holders of
Dividend payment procedures Al the quarterly dividend meeting. Wood Shoes declared a cash dividend of $136 per share for holders of record on Monday, July 10 . The firm has 200,000 shares of comron stock outstanding and has set a payment date of July 31 . Prior to the divifend declaration, the firm's key accounts were as follows: Cash$500,000DividendspayableRetainedearnings$$2,700,0000 a. Show the entries aller the meeting adjoumed b. When is the ex-divatend date? c. What values would the key accounts hawe aftet the July 31 payment date? d. What eflect if any, wil the dividend have on the firm's total assets? e. In a pested makket what effect. if any. will the dividend have on the firmis stock price on the ex-dividend date? a. Show the enties aftet the meeling adioumed (Round to the nearest dollat.) CashRetainedearningDwidendspayable5
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