MBA 6016 Stock Dividends: The market value balance sheet for Outland Manufacturing
June 8th, 2024
Stock Dividends: The market value balance sheet for Outland Manufacturing is shown in the table below. Outland has declared a 20 percent stock dividend. The stock goes ex-dividend tomorrow (chronology for a stock dividend is similar to that for a cash dividend). There are 45,000 shares of stock outstanding. Calculate the ex-dividend price.Problem 4. Stock Dividends: Market Value Balance SheetCash: $165,000.Debt: $177,000.Fixed Assets: $658,000.Equity: $646,000.Total: $823,000.Total: $823,000.