Question
A firm's balance sheet has the following entries: Cash $ 5,000,000 Total liabilities 30,000,000 Common stock ($4 par; 2,000,000 shares outstanding) 8,000,000 Additional paid-in capital
A firm's balance sheet has the following entries:
Cash | $ | 5,000,000 |
Total liabilities | 30,000,000 | |
Common stock ($4 par; 2,000,000 shares outstanding) | 8,000,000 | |
Additional paid-in capital | 1,000,000 | |
Retained earnings | 43,000,000 |
What will be each of these balance sheet entries after:
-
a three-for-one stock split? Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar.
Cash $ ___________- Total liabilities $ Common stock ($ __________ par; ___________ shares outstanding) $ Additional paid-in capital $ Retained earnings $ -
a $1.75 per share cash dividend? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar.
Cash $ _____________ Total liabilities $ Common stock ($ _________ par; _________ shares outstanding) $ Additional paid-in capital $ Retained earnings $ -
a 15 percent stock dividend (current price of the stock is $17 per share)? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar.
Cash $ Total liabilities $ Common stock ($ ___________ par; ____________shares outstanding) $ Additional paid-in capital $ Retained earnings $ _____________
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