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Please answer a,b,c,d,e. thank you! Dividend payment procedures At the quarterly dividend meeting, Wood Shoes declared a cash dividend of $1.13 per share for holders

Please answer a,b,c,d,e. thank you! image text in transcribed
Dividend payment procedures At the quarterly dividend meeting, Wood Shoes declared a cash dividend of $1.13 per share for holders of record on Monday, July 10. The firm has 400,000 shares of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm's key accounts were as follows: Cash $700,000 Dividends payable Retained eamings 2,600,000 a. Show the entries after the meeting adjouned. b. When is the ex-dividend date? e. What values would the key accounts have after the July 31 payment date? d. What effect, if any, will the dividend have on the firm's total assets? . Ignoring general market fluctuations, what effect, if any, will the dividend have on the firm's stock price on the ex-dividend date? a. Show the entries after the meeting adjouned. (Round to the nearest dolar) Cash Dividends payable Retained eamings

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