I need correct answer general accounting question Acme Inc. has Assets of $242,136 and Liabilities of$88,886. The firm has 10,500 shares of stockoutstanding. Then the board decides to pay adividend of $10 per share. What is the value ofStockholders' Equity after the payment of thedividend?

Step 1: Calculation of stockholders' equity before payment of dividendStockholders' equity before…

Answered: Acme Inc. has Assets of $242,136 and…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 11P

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Acme Inc. has Assets of $242,136 and Liabilities of $88,886. The firm has 10,500 shares of stock outstanding. Then the board decides to pay a dividend of $10 per share. What is the value of Stockholders' Equity after the payment of the dividend?