Before Action $1,269,000 $ equity $232,000 657,000 380,000 1,037,000 $1269,000 300,000 $ $ After Cash Dividend $ $ After Stock Dividend $ $ After Stock Split 21°C Partly cloudy

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Golden Valley Inc. is considering one of the three following courses of action: (1) paying a $0.5 cash dividend, (2) distributing a 4% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $14 per share.
olders equity
es
Before
Action
$1,269,000 $
$232,000 $
657,000
380,000
1,037,000
$1.269,000
300,000
$
After Cash
Dividend
$
+A
$
$
After Stock
Dividend
$
$
After
Stock Split
21°C Partly cloudy
ENG
Transcribed Image Text:olders equity es Before Action $1,269,000 $ $232,000 $ 657,000 380,000 1,037,000 $1.269,000 300,000 $ After Cash Dividend $ +A $ $ After Stock Dividend $ $ After Stock Split 21°C Partly cloudy ENG
Total assets
Total liabilities
Shareholders' equity
Common shares
Retained earnings
Total shareholders' equity
Total liabilities and shareholders equity
Number of common shares.
Type here to search
f3
f4
B
f5
Before
Action
$1,269,000 $
$232,000
657,000
380.000
1,037.000
$1.269.000
100,000
144
$
$
f7
After Cash
Dividend
f8
D
f9
$
$
f10
After Stock
Dividend
21°C Partly cloudy
$
inser
Transcribed Image Text:Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders equity Number of common shares. Type here to search f3 f4 B f5 Before Action $1,269,000 $ $232,000 657,000 380.000 1,037.000 $1.269.000 100,000 144 $ $ f7 After Cash Dividend f8 D f9 $ $ f10 After Stock Dividend 21°C Partly cloudy $ inser
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