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I will give good rating if answered :) QUESTION 13 The date on which a firm's board of directors issues a statement declaring a dividend
I will give good rating if answered :)
QUESTION 13 The date on which a firm's board of directors issues a statement declaring a dividend is the declaration date holder-of-record date ex-dividend date payment date QUESTION 14 A 2-for-1 stock split increases the number of shares of stock held by the firm's stockholders increases the per share price of the firm's stock requires the firm to adjust the value of its total assets on the balance sheet generally decreases the total value of the firm that splits its stock. QUESTION 15 Ducheyne Electric recently declared a 15 percent stock dividend. On the date of the stock dividend Ducheyne had 16 million shares outstanding priced at $46 per share in the market. An accounting entry was required on the balance sheet transferring some retained earnings to the common stock account. If retained earnings was $280 million prior to the transaction, what was the dollar amount of retained earnings after the transfer? $280.0 million $234.0 million $277.6 million $169.6 millionStep by Step Solution
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