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?