The owners equity accounts for Pentagon International are shown here: a. If Pentagon stock currently sells for

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The owners’ equity accounts for Pentagon International are shown here:

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a. If Pentagon stock currently sells for $$30$ per share and a 10 percent stock dividend is declared, how many new shares will be distributed? Show how the equity accounts would change.

b. If Pentagon declared a 25 percent stock dividend, how would the accounts change?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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Question Posted: May 23, 2024 10:05 AM

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The owners equity accounts for Pentagon International are shown here: a. If Pentagon stock currently sells for

Question:

Common stock ($1 par value) Capital surplus Retained earnings Total owners' equity $ 4,000 60,000 221,000 $285,000

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Fundamentals Of Corporate Finance

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