Firm a had the following selected items on its balance, Ask an Expert

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Firm A had the following selected items on its balance sheet:

Cash: 28, 000, 000

Common stock (50 par, 2, 000, 000 shares outstanding) 100, 000,000

Additional paid in capital 10, 000, 000

Retained earnings 62, 000, 000

How would each of these accounts look after:

A. A cash dividend of 1 dollar a share

B A 5 percent stock dividend (fair market value is 100 dollars a share)

C. A one for two reverse split

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92852213

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