Firm A had the following selected items on its balance sheet:
Cash $ 20,000,000
Inventory 134,000,000
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Notes Payable to bank 31,500,000
Common stock ($10 par; ,000,000 shares outstanding)31,500,000
Retained earnings 98,500,000Describe how each of these accounts would appear after the following:a. a cash dividend of $1 per share?b. a 10 percent stock dividend (fair market value is $13 pershare)?c. a 3-for-1 splitD. a 1-for-2 reverse stock split
