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ABC firm has encountered the following: BEFORE SPLIT Shares outstanding 400,000 Price/share $50 Dividend per share $1.3 Net Income $820,000 The firm had announced
ABC firm has encountered the following: BEFORE SPLIT Shares outstanding 400,000 Price/share $50 Dividend per share $1.3 Net Income $820,000 The firm had announced a 4-for-1 stock split 1. Before split, how much is the firm's total common equity? a. $20,000,000 b. $18,500,000 c. $17,740,000 d. $13,000,000 e. None of the above
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
8th edition
78025559, 978-0078025556
