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! Required information [The following information applies to the questions displayed below.) On April 10, 2019, Amelia Inc. purchased 375 shares of its own common
! Required information [The following information applies to the questions displayed below.) On April 10, 2019, Amelia Inc. purchased 375 shares of its own common stock in the market for $19 per share. On September 28, 2019, the company sold 225 of these shares in the open market at a price of $22 per share. Required: a. Use the horizontal model to show the effects on Amelia Inc.'s financial statements of the purchase of the treasury stock on April 10, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Assets Stockholders' Equity Net Income Income Statement Revenues Expenses Assume that you own 120 shares of common stock of a company, that you have been receiving cash dividends of $5 per share per year, and that the company has a 5-for-4 stock split. Required: a. How many shares of common stock will you own after the stock split? b. What new cash dividend per share amount will result in the same total dividend income as you received before the stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What stock dividend percentage could have accomplished the same end result as the stock split? a. Shares of common stock b. New cash dividend per share c. Stock dividend %
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