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?

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?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

What is the value of stockholders equity after the payment of the dividend?

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?

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