Stock Splits [LO3] In the previous problem, suppose the company instea dịch - Stock Splits [LO3] In the previous problem, suppose the company instea Việt làm thế nào để nói

Stock Splits [LO3] In the previous

Stock Splits [LO3] In the previous problem, suppose the company instead decides
on a four-for-one stock split. The fi rm’s 75-cent per share cash dividend on the new
(postsplit) shares represents an increase of 10 percent over last year’s dividend on
the presplit stock. What effect does this have on the equity accounts? What was last
year’s dividend per share?

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Stock Splits [LO3] In the previous problem, suppose the company instead decideson a four-for-one stock split. The fi rm’s 75-cent per share cash dividend on the new(postsplit) shares represents an increase of 10 percent over last year’s dividend onthe presplit stock. What effect does this have on the equity accounts? What was lastyear’s dividend per share?
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