Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Vicco Inc. has Assets of $296,155 and Liabilities of $81,959. The firm has 13,740 shares of stock outstanding. Then the board decides to pay a dividend of $12.80 per share. What is the value of Stockholders' Equity after the payment of the dividend?
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Transcribed Image Text:Vicco Inc. has Assets of $296,155 and Liabilities of $81,959. The firm has 13,740 shares of stock outstanding. Then the board decides to pay a dividend of $12.80 per share. What is the value of Stockholders' Equity after the payment of the dividend?
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