Posted: July 16th, 2021

Firm a had the following selected items on its balance sheet

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

Cash $ 20,000,000

Inventory 134,000,000

Notes Payable to bank 31,500,000

Common stock ($10 par; ,000,000 shares outstanding)31,500,000

Retained earnings 98,500,000
Describe how each of these accounts would appear after the following:
a. a cash dividend of $1 per share?
b. a 10 percent stock dividend (fair market value is $13 pershare)?
c. a 3-for-1 split
D. a 1-for-2 reverse stock split

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