balance sheet entries after a $2 a share cash dividend
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A firm's balance sheet has the following entries:
Cash $30,000,000
Total Assets: 100,000,000
Common Stock (10,000,000 shares outstanding $2 par) 20,000,000
Additional paid-in capital 5,000,000
Retained earnings 35,000,000
What will be each of these balance sheet entries after a
a) $2 a share cash dividend
b) four-for-one split
c) 5 percent stock dividend (current price of the stock is $20)
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Solution Summary
Shown in the accounting equation.
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