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explain step wise thanks.. Q.No.4. The Kuli Khan Company has the following shareholders' equity account: Common stock (Rs. 24 par value) Additional paid-in capital Retained
explain step wise thanks..
Q.No.4. The Kuli Khan Company has the following shareholders' equity account: Common stock (Rs. 24 par value) Additional paid-in capital Retained earnings Total shareholders' equity Rs. 6,000,000 4,800,000 25,200,000 Rs. 36,000,000 The current market price of the stock is Rs. 180 per share. a. What will happen to this account and to the number of shares outstanding with (1) a 10 percent stock dividend? (2) a 2-for-1 stock split? b. In the absence of an informational or signaling effect, at what share price should the common stock sell after the 10 percent stock dividendStep by Step Solution
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