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The statement of financial position, from a market value, is shown below for AAA Corporation. AAA has declared a 25% stock dividend. The stock goes
The statement of financial position, from a market value, is shown below for AAA Corporation. AAA has declared a 25% stock dividend. The stock goes ex dividend tomorrow. There are currently 13,000 shares of stock outstanding. What will the ex-dividend price be?
Market Value Statement of Financial Position | |||
Cash | $83,000 | Debt | $121,000 |
Fixed Assets | 575,000 | Equity | 537,000 |
Total | $658,000 | Total | $658,000 |
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