Financial Accounting Question please answer Delta Tech Corp. has assets of $360,500 and liabilities of $150,250. Thefirm has 20,000 shares of stock outstanding. Then the board decides topay a dividend of $12 per share. What is the value of Stockholders'Equity after the payment of the dividend?

Step 1: Definition of Stockholders' EquityStockholders' Equity refers to the ownership interest of…

Answered: Delta Tech Corp. has assets of $360,500…

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 5MCQ

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Delta Tech Corp. has assets of $360,500 and liabilities of $150,250. The firm has 20,000 shares of stock outstanding. Then the board decides to pay a dividend of $12 per share. What is the value of Stockholders' Equity after the payment of the dividend?