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Business, 12.03.2021 15:40 abbz13

The Western Pipe Company has the following capital section in its balance sheet. Its stock is currently selling for $8 per share. Common stock (40,000 shares at $1 par) $ 40,000 Capital in excess of par 40,000 Retained earnings 170,000 Total equity $ 250,000 The firm intends to first declare a 15 percent stock dividend and then pay a 25-cent cash dividend (which also causes a reduction of retained earnings). Show the capital section of the balance sheet after the first transaction and then after the second transaction.

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The Western Pipe Company has the following capital section in its balance sheet. Its stock is curren...

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