XYZ Corp. has Assets of 350,000andLiabilitiesof350,000and Liabilitiesof120,000. The company has 8,000 shares of stock outstanding. The board decides to pay a dividend of $5 per share. What is the value of Stockholders' Equity after the payment of the dividend?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
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XYZ Corp. has Assets
of 350,000andLiabilitiesof350,000and Liabilitiesof120,000. The
company has 8,000 shares of stock outstanding. The board decides
to pay a dividend of $5 per share. What is the value of Stockholders'
Equity after the payment of the dividend?
Transcribed Image Text:XYZ Corp. has Assets of 350,000andLiabilitiesof350,000and Liabilitiesof120,000. The company has 8,000 shares of stock outstanding. The board decides to pay a dividend of $5 per share. What is the value of Stockholders' Equity after the payment of the dividend?
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