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Problem 10-04 Firm A had the following selected items on its balance sheet: Cash Common stock (350 par; 3,000,000 shares outstanding) Additional paid in capital
Problem 10-04 Firm A had the following selected items on its balance sheet: Cash Common stock (350 par; 3,000,000 shares outstanding) Additional paid in capital Retained earnings How would each of these accounts appear after: $ 31,000,000 150,000,000 9,000,000 61,000,000 a. a cash dividend of $2 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. 5 Cash Common stock (s par; shares outstanding) S Additional paid-in capital s Retained earnings s b. a 5 percent stock dividend (fair market value is $100 per share)? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar Cash S Common stock (s par; shares outstanding) 5 Additional paid in capital 5 Retained earnings s c. a one-for-two reverse split? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. Cash 5 Common stock (S par: shares outstanding) 5 Additional paid-in capital 5 Retained earnings s
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