Question: please answer all parts a-e please Dividend payment procedures At the quarterly dividend meeting. Wood Shoes declared a cash dividend of $0 92 per share
Dividend payment procedures At the quarterly dividend meeting. Wood Shoes declared a cash dividend of $0 92 per share for holders of record on Monday, July 10. The firm has 350,000 shares of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm's key accounts were as folows: S Dividends payable $600,000 Cash 2.500,000 Retained eanings a. Show the entries afher the meeting adjourned b. When is the ex-dividend date? c. What values would the key accounts have after the July 31 payment date? d. What offect, if any, will the dividend have on the firm's total assets? e. Ignoring general market fluctuations, what effect, if any, will the dividend have on the fm's stock price on he ex-dividend date? a. Show the entries after the meeting adjourned. (Round to the nearest dollar) Cash Dividends payable Retained eamings Enter your answer in the edit fields and then click Check Answer. 4 parts remaining Check Answer Clear All Dividend payment procedures At the quarterly dividend meeting. Wood Shoes declared a cash dividend of $0 92 per share for holders of record on Monday, July 10. The firm has 350,000 shares of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm's key accounts were as folows: S Dividends payable $600,000 Cash 2.500,000 Retained eanings a. Show the entries afher the meeting adjourned b. When is the ex-dividend date? c. What values would the key accounts have after the July 31 payment date? d. What offect, if any, will the dividend have on the firm's total assets? e. Ignoring general market fluctuations, what effect, if any, will the dividend have on the fm's stock price on he ex-dividend date? a. Show the entries after the meeting adjourned. (Round to the nearest dollar) Cash Dividends payable Retained eamings Enter your answer in the edit fields and then click Check Answer. 4 parts remaining Check Answer Clear All
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