Question
Question 2: The DeWitt Company's shareholders' equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a
Question 2:
The DeWitt Company's shareholders' equity account (book value) as of December 31, 20X1, is shown below. Currently, stock is trading for $15 a share.
Common stock ($10 par value) 10,000,000
Additional paid-in capital 10,000,000
Retained earnings 15,000,000
Total shareholders' equity 35,000,000
Required:
Reformulate the shareholders equity account, if the company pays a 35 percent stock dividend.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
