Question
The shareholders' equity portion of Dexter Company follows: Common stock (1.0 million shares) $20,000,000 Retained earnings 12,000,000 $32,000,000 The current market value of Dexter's stock
The shareholders' equity portion of Dexter Company follows:
| Common stock (1.0 million shares) | $20,000,000 |
| Retained earnings | 12,000,000 |
| $32,000,000 |
The current market value of Dexter's stock is $30. Show what the balance sheet will look like if Brimstone declares a 10% stock dividend.
PLEASE ANSWER ASAP, I HAVE ONLY 10 MIN LEFT! THANK YOU FOR YOUR HELP!
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
