Regular dividends the balance sheet for Tempest, inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. Cash-$120,000 fixed assets $467,600 total $596,600. Equity total $596,600 $596,600. The company has declared a dividend of $1.15 dollars per share. The stock goes ex dividend tomorrow period ignoring any tax effects, what is the stock selling for today? what will it sell for tomorrow? what will the balance sheet look like after the dividends are paid?
Regular dividends the balance sheet for Tempest, inc., is shown here in market value terms. There are 19,000 shares of stock outstanding. Cash-$120,000 fixed assets $467,600 total $596,600. Equity total $596,600 $596,600. The company has declared a dividend of $1.15 dollars per share. The stock goes ex dividend tomorrow period ignoring any tax effects, what is the stock selling for today? what will it sell for tomorrow? what will the balance sheet look like after the dividends are paid?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Regular dividends the
Cash-$120,000
fixed assets $467,600
total $596,600.
Equity total $596,600
$596,600.
The company has declared a dividend of $1.15 dollars per share. The stock goes ex dividend tomorrow period ignoring any tax effects, what is the stock selling for today? what will it sell for tomorrow? what will the balance sheet look like after the dividends are paid?
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