Question Help P13-1 (similar to) Dividend payment procedures Athe quarterly dividend meeting, Wood Shoes declared a cash di S.63 per share holders o record n onda. en o 10. The firm has 300,000 shares of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm's key accounts were as follows: 500,000 Dividends payable Retained earnings Cash $ 2,300,000 a. Show the entries after the meeting adjourned b. When is the ex-dividend date? c. What values would the key accounts have after the July 31 payment date? d. What effect, if any, will the dividend have on the firm's total assets? e. Ignoring general market fluctuations, what effect, if any, will the dividend have on the firm's stock price on the ex-dividend date? Question Help P13-1 (similar to) Dividend payment procedures Athe quarterly dividend meeting, Wood Shoes declared a cash di S.63 per share holders o record n onda. en o 10. The firm has 300,000 shares of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm's key accounts were as follows: 500,000 Dividends payable Retained earnings Cash $ 2,300,000 a. Show the entries after the meeting adjourned b. When is the ex-dividend date? c. What values would the key accounts have after the July 31 payment date? d. What effect, if any, will the dividend have on the firm's total assets? e. Ignoring general market fluctuations, what effect, if any, will the dividend have on the firm's stock price on the ex-dividend date