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Category > Business & Finance Posted 16 May 2017 My Price 7.00

At the quarterly dividend meeting

At the quarterly dividend meeting, Wood Shoes declared a cash dividend of $1.10 per share for holder of record on Monday, July 10. The firm has 300,000 share of common stock outstanding and has set a payment date of July 31. Prior to the dividend declaration, the firm’s key account were as follow: Cash $500,000 Dividend Payable $0 Retained earnings 2,500,000 a. Show the entries after the meeting adjourned b. When is the ex dividend date? c. What values would the key account have after the July 31 payment date? d. What effect, if any, will the dividend have on the firm’s total assets? 
 
 
 

 

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Status NEW Posted 16 May 2017 05:05 PM My Price 7.00

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