Titte e Due & CH14 Ethics Feb 7, 2019 8.00 am Number of resubmissions allowed Status Not Started Jan 22, 2019 8 22 am n Modified by instructor Instructions Molina Corporation has paid 60 consecutive quarterly cash dividends (15 years) The last 6 months, however, have been a cash drain on the company, as proft margins have been greatly narrowed by increasing compettion. With a cash balance sufficient to meet only day-to-day operating needs, the president, Rob Lowery, has decided that a stock dividend instead of a cash dividend should be declared. He tells Molina's financial vice president, Debbie Oler, to issue a press release stating that the company is extending its consecutive d dend record with the issuance of a 5% stock d o end write the press release convincing the stockholders that the stock dividend is just as good as a cash dividend, he orders Just watch our stock rise when we announce the stock dividend It must be a good thing if that happens Instructions (a) Who are the stakeholders in this situation? (b) Is there anything unethical about Lowery's intentions or actions? (c) What is the effect of a stock dividend on a corporation's stockholders equity accounts? Which would you rather receive as a stockholder-a cash dividend or a stock r 13 dividend? Why