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Blossom Inc. is considering one of three options: (1) paying a $0.34 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1
Blossom Inc. is considering one of three options: (1) paying a $0.34 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current fair value is $16 per share. Indicate the financial impact on the financial statement items listed of each action under consideration (treat each possibility independently). Total assets Total liabilities Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity Number of common shares eTextbook and Media Before Action $1,871,000 $74,000 1,100,000 697,000 1,797,000 Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 5 $1,871,000 55,000 (1) After Cash Dividend $ $ $ (2) After Stock Divic $ $ Attempts: unlimited Submit Answer
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