Firm a had the following selected items on its balance


Firm A had the following selected items on its balance sheet:
Cash $ 28,000,000
Common stock ($50 par; 2,000,000 shares outstanding) 100,000,000
Additional paid-in capital 10,000,000
Retained earnings 62,000,000

How would each of these accounts appear after:
a. A cash dividend of $1 per share?
b. A 5 percent stock dividend (fair market value is $100 per share)?
c. A one-for-two reverse split?

 

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Finance Basics: Firm a had the following selected items on its balance
Reference No:- TGS0641497

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