Question
Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $3.78 per share. Preferred stock $93,000 Common stock (400,000 shares
Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $3.78 per share.
Preferred stock $93,000
Common stock (400,000 shares at $1.01 par) 404,000
Paid-in capital in excess of par 215,000
Retained earnings 320,000
Total stockholders' equity 1,032,000
a.The balance in preferred stock after the $0.01 cash dividend is $_______ (Round to the nearest dollar.)
The balance in common stock after the $0.01cash dividend is $________ (Round to the nearest dollar.)
The balance in paid-in capital after the $0.01cash dividend is $________ (Round to the nearest dollar.)
The balance in retained earnings after the $0.01 cash dividend is $_______ (Round to the nearest dollar.)
The balance in total stockholders' equity after the $0.01 cash dividend is $__________ (Round to the nearest dollar.)
b.The balance in preferred stock after the 20% stock dividend is $_________ (Round to the nearest dollar.)
The balance in common stock after the 20% stock dividend is $__________ (Round to the nearest dollar.)
The balance in paid-in capital after the 20% stock dividend is $__________(Round to the nearest dollar.)
The balance in retained earnings after the 20% stock dividend is $_________ (Round to the nearest dollar.)
The total stockholder's equity after the 20% stock dividend is $___________(Round to the nearest dollar.)
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