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Cash versus stock dividend Miwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $2.75 per share. Preferred stock Common

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Cash versus stock dividend Miwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $2.75 per share. Preferred stock Common stock (200,000 shares at 51.07 par) Paid-in capital in excess of par Retained earnings S 93,000 214,000 192,000 330,000 Total stockholders equity $829,000 a. Show the effects on the firm of a cash dividend of $0.10 per share. b. Show the effects on the firm of a 15% stock dividend C. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? a. The balance in preferred stock after the S0.10 cash dividend is s( The balance in common stock after the S0.10 cash dividend is s (Round to the nearest dollar) The balance in paid-in capital after the S0.10 cash dividend is s (Round to the nearest dollar.) (Round to the nearest dollar.) Round to the nearest dollar.) The balance in retained earnings after the $0.10 cash dividend is (Round to the nearest dollar.)

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