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The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: Shareholder's Equity Common stock 150,000 shares Retained earnings 250,000 400,000 $
The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: Shareholder's Equity Common stock 150,000 shares Retained earnings 250,000 400,000 $ 650,000 The firm has earnings per share in the latest year of $0.60 and a price-earnings ratio of 25 times. A. Show the effect on the equity account(s) of a two-for-one stock split. Shareholder's Equity Common stock shares Retained earnings B. Show the effect on the equity account(s) of a 12% stock dividend. Shareholder's Equity Common stock shares Retained earnings C. Show the effect on the equity account(s) of a $180,000 cash dividend. Shareholder's Equity Common stock shares Retained earnings
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