Question: The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Cash Market Value Balance Sheet


The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Cash Market Value Balance Sheet 454,700 $ 44,700 Equity 410,000 Fixed assets Total 454,700 $ Total 454,700 $ The company has declared a dividend of $1.60 per share. The stock goes ex-dividend tomorrow. Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Market Value Balance Sheet Equity Cash Fixed assets Total Total
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