Question
A firm's balance sheet has the following entries: Cash = $30,000,000 Total Assets= $100,000,000 Common Stock (10,000,000 shares outstanding, $2 par)= $20,000,000 Additional pain-in capital=
A firm's balance sheet has the following entries:
Cash = $30,000,000
Total Assets= $100,000,000
Common Stock (10,000,000 shares outstanding, $2 par)= $20,000,000
Additional pain-in capital= $5,000,000
Retained earnings= $35,000,000.
What will be each of these balance sheet entries after a 5 percent stock dividend (current price of the stock is $20)?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
