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Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $ 2 . 5 6 per

Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $2.56 per share.
Preferred stock: $ 99,000
Common stock (400,000 shares at $0.99 par): 396,000
Paid-in capital in excess of par: 207,000
Retained earnings: 350,000
Total stockholders' equity: $1,052,000
a. The balance in preferred stock after the $0.10 cash dividend is $ (Round to the nearest dollar.)
b. The balance in common stock after the $0.10 cash dividend is $ (Round to the nearest dollar.)
c. The balance in paid-in capital after the $0.10 cash dividend is $ (Round to the nearest dollar.)
d. The balance in retained earnings after the $0.10 cash dividend is $ (Round to the nearest dollar.)
e. The balance in total stockholders' equity after the $0.10 cash dividend is $ .(Round to the nearest dollar.)
f. The balance in preferred stock after the 10% stock dividend is $ (Round to the nearest dollar.)
g. The balance in common stock after the 10% stock dividend is $ (Round to the nearest dollar.)
h. The balance in paid-in capital after the 10% stock dividend is $ (Round to the nearest dollar.)
i. The balance in retained earnings after the 10% stock dividend is $ (Round to the nearest dollar.)
j. The total stockholder's equity after the 10% stock dividend is $_(Round to the nearest dollar.)
k. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? (Select from the drop-down menus.)
do not affect stockholders' equity; they only redistribute retained earnings into common stock and additional paid-in capital accounts.
cause a decrease in retained earnings and, hence, in overall stockholders'
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