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Please provide detailed explanation! A corporation has the following items on its balance sheet: Part (a) Part (b) Cash $2,000,000 AR 20,000,000 Total Assets 50,000,000
Please provide detailed explanation!
A corporation has the following items on its balance sheet: Part (a) Part (b) Cash $2,000,000 AR 20,000,000 Total Assets 50,000,000 Long-Term Debt 25,000,000 Equity 20,000,000 The number of shares outstanding is 50,000, and the earnings per share is $4.00. A $3.00 cash dividend has what effects on each of he above items? b. A two-for-one stock split has what effect on each of the above items? aStep by Step Solution
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