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Firm A had the following selected items on its balance sheet: Cash $34,000,000 Common stock ($60 par; 1,000,000 shares outstanding) 60,000,000 Additional paid-in capital 6,000,000
Firm A had the following selected items on its balance sheet: Cash $34,000,000 Common stock ($60 par; 1,000,000 shares outstanding) 60,000,000 Additional paid-in capital 6,000,000 Retained earnings 67,000,000 How would each of these accounts appear after a. a cash dividend of $0.5 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar, Cash $ Common stock (S par: shares outstanding) Additional pald.in capital Retained earnings $ b. 4 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 5 Common stock (5 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 Cash par Common stock ($ 5 shares outstanding) $ Additional paid in capital Retained earnings
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