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Problem 10-04 Firm A had the following selected items on its balance sheet: Cash Common stock ($40 par; 1,600,000 shares outstanding) Additional paid-in capital Retained
Problem 10-04 Firm A had the following selected items on its balance sheet: Cash Common stock ($40 par; 1,600,000 shares outstanding) Additional paid-in capital Retained earnings $ 29,000,000 64,000,000 9,600,000 70,000,000 How would each of these accounts appear after: a. a cash dividend of $2 per share? Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. par; shares outstanding) Cash Common stock ($ Additional paid-in capital Retained earnings b. a 4 percent stock dividend (fair market value is $80 per share)? Use the original balance sheet from the problem statement. Round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. Cash Common stock ($ Additional paid-in capital Retained earnings par; shares outstanding) 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. par; shares outstanding) $ Cash Common stock ($ Additional paid-in capital Retained earnings
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