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6 . A firms balance sheet has the following entries: Cash $10,000,000 Total liabilities 30,000,000 Common stock ($5 par; 2,000,000 shares outstanding) 10,000,000 Additional paid-in
6. A firms balance sheet has the following entries:
Cash | $10,000,000 |
Total liabilities | 30,000,000 |
Common stock ($5 par; 2,000,000 shares outstanding) | 10,000,000 |
Additional paid-in capital | 3,000,000 |
Retained earnings | 42,000,000 |
What will be each of these balance sheet entries after:
a three-for-one stock split?
a $1.25 per share cash dividend?
a 10 percent stock dividend (the current price of the stock is $15 per share)?
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