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A firms balance sheet has the following entries: Cash $30,000,000 Total assets 100,000,000 Common stock (10,000,000 20,000,000 Shares outstanding $2 par) Paid-in capital 5,000,000 Retained
A firms balance sheet has the following entries:
Cash $30,000,000
Total assets 100,000,000
Common stock (10,000,000 20,000,000 Shares outstanding $2 par)
Paid-in capital 5,000,000
Retained earnings 35,000,000
What will be each of these balance sheet entries after a
A. $2 a share cash dividend
B. four-for-one split
C. 5 percent stock dividend (current price of the stock is $20)?
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