Question
The market value balance sheet for Tidwell Manufacturing is shown here. Tidwell has declared a 10 percent stock dividend. The stock goes ex-dividend tomorrow (the
| The market value balance sheet for Tidwell Manufacturing is shown here. Tidwell has declared a 10 percent stock dividend. The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 17,000 shares of stock outstanding. |
| Market Value Balance Sheet |
| Cash | $116,000 | Debt | $157,200 | |
| Fixed assets | 660,000 | Equity | 618,800 | |
| Total | $776,000 | Total | $776,000 | |
| Required: |
| What will the ex-dividend price be? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Ex-dividend price | $ |
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The Well Church Book A Practical Guide To Mission Audit
Authors: John Finney
1st Edition
0862015499, 978-0862015497
