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A firm's balance sheet has the following entries: Cash Total liabilities Common stock ($4 par; 2,600,000 shares outstanding) Additional paid-in capital Retained earnings $ 6,000,000
A firm's balance sheet has the following entries: Cash Total liabilities Common stock ($4 par; 2,600,000 shares outstanding) Additional paid-in capital Retained earnings $ 6,000,000 34,000,000 10,400,000 3,900,000 48,000,000 What will be each of these balance sheet entries after: a. a four-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 par; shares outstanding) $ Common stock ($ Additional paid-in capital Retained earnings b. a $1.00 per share cash dividend? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar. Cash par; shares outstanding) Total liabilities Common stock ($ Additional paid-in capital Retained earnings c. a 15 percent stock dividend (current price of the stock is $14 per share)? Use the original balance sheet from the problem statement. Round the par value to the nearest cent, the number of shares outstanding to the nearest whole number, and the other answers to the nearest dollar. Cash par; shares outstanding) Total liabilities Common stock ($ Additional paid-in capital Retained earnings
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