Problem:
Balance Sheet
A firm's balance sheet has the following entries:
Cash $30,000,000
Total Assets: 100,000,000
Common Stock ($10,000,000 shares outstanding $2 par) 20,000,000
Additional paid-in capital 5,000,000
Retained earnings 35,000,000
What will be each of these balance sheet entries after a
a) $2 a share cash dividend
b) four-for-one split
c) 5 percent stock dividend (current price of the stock is $20)