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Orbit Technologies has assets of $300,000 and liabilities of $120,000. The firm has 15,000 shares of stock outstanding. Then, the board decides to pay a dividend of $8 per share. What is the value of stockholders' equity after the payment of the dividend?

Orbit Technologies has assets of $300,000 and liabilities of $120,000. The firm has 15,000 shares of stock outstanding. Then, the board decides to pay a dividend of $8 per share. What is the value of stockholders' equity after the payment of the dividend?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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Please provide the correct answer to this financial accounting problem using valid calculations.

Orbit Technologies has assets of $300,000 and liabilities of $120,000. The firm has 15,000 shares of stock outstanding. Then, the board decides to pay a dividend of $8 per share. What is the value of stockholders' equity after the payment of the dividend?
Transcribed Image Text:Orbit Technologies has assets of $300,000 and liabilities of $120,000. The firm has 15,000 shares of stock outstanding. Then, the board decides to pay a dividend of $8 per share. What is the value of stockholders' equity after the payment of the dividend?
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