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The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25% stock dividend. The stock goes ex dividend tomorrow (
The market value balance sheet for Outbox Manufacturing is shown here. Outbox has declared a 25% stock dividend. The stock goes ex dividend tomorrow ( the chronology for a stock dividend is similar to that for a cash dividend) There are 30,000 shares of stock outstanding. What will the ex-dividend price be? Cash $145,000 Debt $127,000 Fixed Assets 598,000 Equity $616,000 Total 743,000 Total $743,000 Please explain your answer. Thanks
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