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The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 141,000 Debt 960,000 Equity $ 291,000 810,000 Total $101,000 Total $1,101,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.., 32.16.) Ex-dividend price

The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 141,000 Debt 960,000 Equity $ 291,000 810,000 Total $101,000 Total $1,101,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.., 32.16.) Ex-dividend price

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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7. Find the ex-dividend price
The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 141,000 Debt 960,000 Equity $ 291,000 810,000 Total $1,101,000 Total $1,101,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price < Prev 7 of pe here to search
Transcribed Image Text:The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 141,000 Debt 960,000 Equity $ 291,000 810,000 Total $1,101,000 Total $1,101,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex-dividend price < Prev 7 of pe here to search
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