q10-chapter 14 financial accounting II

The condensed balance sheet of Pharoah Corporation reports the following: The market price of the common shares is currently $42 per share. Pharoah wants to assess the impact of three possible alternatives on the corporation and its shareholders. The alternatives are: 1. Payment of a $1.55 per share cash dividend 2. Distribution of a 5% stock dividend 3. A 3-for-1 stock split For each alternative, determine the impact on (1) assets, (2) liabilities, (3) common shares, (4) retained earnings, (5) total sharcholders' equity, and ( 6 ) number of shares. on shares, (4) retained earnings, (5) total