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pls answer no. 9 7. Stock Dividends The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of

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pls answer no. 9
7. Stock Dividends The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a stock dividend of 25 percent. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend. There are 22,000 shares of stock outstanding. What will the ex-dividend price be? CHAPTER 19 Dividends and Other Payouts 613 Market Value Balance Sheet Cash Fixed assets $295,000 540,000 $835,000 Debt Equity $180,000 655,000 Total $835,000 Total 8. Stock Dividends stock dividend of 15 percent when the market value of its stock is $57 per share. What effects on the equity accounts will the distibution of the stock dividend have? The company with the common equity accounts shown here has declared a Common stock ($I par value) Capital surplus Retained earnings $ 435,000 2,150,000 5,873,000 $8.458,000 Total owners equity . Stock Splits In the previous problem, suppose the company instead decides on a five- for-one stock split. The firm's 45 cent per share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock What effect does this have on the equity accounts? What was last year's dividend per share

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