3. 7.

Share dividends [LO 17.3] The market value statement of financial position for Brisbane X Manufacturing is shown here. The company has declared a 25 per cent share dividend. The shares goes ex dividend tomorrow (the chronology for a share dividend is similar to that for a cash dividend). There are 12 000 shares outstanding. What will the exdividend price be?

Transcribed Image Text:

Market value statement of financial position Cash $ 79 000 Debt $116000 Non-current assets 545 000 Equity 508 000