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?
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?
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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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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