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Ch 10: End of Chapter Problems - The Features of Stock Problem 10-04 Firm A had the following selected items on its balance sheet: Cash
Ch 10: End of Chapter Problems - The Features of Stock Problem 10-04 Firm A had the following selected items on its balance sheet: Cash $34,000,000 common stock (560 par: 1,500,000 shares outstanding) 90,000,000 Additional pald-in capital 4,500,000 Retained earnings 58,000,000 How would each of these accounts appear after a. a cash dividend of $1 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar Cash $ Common stock ($ par shares outstanding) $ Additional paid-in capital $ Retained earnings b. a 5 percent stock dividend (fair market value is $120 per share)? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar Cash Common stock ($ par: shares outstanding) $ $ Additional paid-in capital Retained earnings c. a one for two reverse split? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar $ 5 par shares outstanding) Cash Common stock ($ Additional pald.in capital Retained earnings $ $ $ $ Grade it Now Save & Continue Continue without saving
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