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Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. D Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings woldere enity Before Action $1,366,000 $248,000 570,000 548,000 1,118,000 $ $ (1) After Cash Dividend (2) After Stock Dividend

Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. D Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings woldere enity Before Action $1,366,000 $248,000 570,000 548,000 1,118,000 $ $ (1) After Cash Dividend (2) After Stock Dividend

FINANCIAL ACCOUNTING
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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Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. 4 Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Before Action $1,366,000 $248,000 570,000 548,000 1,118,000 $ $ (1) After Cash Dividend $ $ (2) After Stock Dividend LA 10001

Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Before Action $1,366,000 $248,000 $ 570,000 548,000 $ 1,118.000 (1) After Cash Dividend (2) After Stock Dividend
Transcribed Image Text:Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Before Action $1,366,000 $248,000 $ 570,000 548,000 $ 1,118.000 (1) After Cash Dividend (2) After Stock Dividend
ty Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share Help Covington make its decision by completing the following chart (treat each possibility independently). tv Before Action $1,366,000 $248.000 570.000 540,000 1.118,000 $248,000 $ 570,000 548,000 eTextbook and Media 1,118.000 holders' equity $1,366.000 $ 100,000 After Cash Dividend (2) After Stock Dividend 1 (3) After Stock Split Attempts: 0 of 3 used Subinit Amwer SUPPORT SUPPORT
Transcribed Image Text:ty Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share Help Covington make its decision by completing the following chart (treat each possibility independently). tv Before Action $1,366,000 $248.000 570.000 540,000 1.118,000 $248,000 $ 570,000 548,000 eTextbook and Media 1,118.000 holders' equity $1,366.000 $ 100,000 After Cash Dividend (2) After Stock Dividend 1 (3) After Stock Split Attempts: 0 of 3 used Subinit Amwer SUPPORT SUPPORT
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