Home /FINC 354 : week 8 Problem
Error message
- Deprecated function: Optional parameter $indexes declared before required parameter $mapper_f is implicitly treated as a required parameter in include_once() (line 1442 of /home2/lpix3yg3/uoplabhelper.com/includes/bootstrap.inc).
- Deprecated function: Optional parameter $columns declared before required parameter $mapper_f is implicitly treated as a required parameter in include_once() (line 1442 of /home2/lpix3yg3/uoplabhelper.com/includes/bootstrap.inc).
- Deprecated function: Optional parameter $data declared before required parameter $qty is implicitly treated as a required parameter in include_once() (line 1442 of /home2/lpix3yg3/uoplabhelper.com/includes/bootstrap.inc).
- Deprecated function: Optional parameter $data declared before required parameter $qty is implicitly treated as a required parameter in include_once() (line 1442 of /home2/lpix3yg3/uoplabhelper.com/includes/bootstrap.inc).
- Deprecated function: Using ${var} in strings is deprecated, use {$var} instead in include_once() (line 1442 of /home2/lpix3yg3/uoplabhelper.com/includes/bootstrap.inc).
FINC 354 : week 8 Problem
Description
A firm has the following items on its balance sheet:
Cash $20,000,000
Inventory 134,000,000
Notes payable to the bank 31,500,000
Common Stock 10,000,000
($10 par; 1,000,000 shares outstanding)
Retained earnings 98,500,000
Describe how each of these accounts would appear after:
a) A cash dividend of $1 per share
b) 10 percent stock dividend (fair market value of stock is $13 per share)
c) A 3-for-1 stock split
d) A 1-for-2 reverse stock split (Mayo 311)
