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solve, show all working show working 6. A firm's balance sheet has the following entries: What will be each of these balance sheet entries after
solve, show all working
show working
6. A firm's balance sheet has the following entries: What will be each of these balance sheet entries after a. a three-for-one stock split? b. a $1.25 per share cash dividend? Answer 4 cash: $7.500,000 retained earnings: $39,500,000 6. A firm's balance sheet has the following entries: Cash Total liabilities Common stock (\$5 par; 2,000,000 shares outstanding) Additional paid-in capital Retained earnings What will be each of these balance sheet entries after: a. a three-for-one stock split? b. a $1.25 per share cash dividend? etained earnings: $39,500,000 c. a 10 percent stock dividend (current price of the stock is $15 per share)? CashTotalliabilitiesCommonstock($5par;2,000,000sharesoutstanding)Additionalpaid-incapitalRetainedearnings$10,000,00030,000,00010,000,0003,000,00042,000,000 Step by Step Solution
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