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Milwaukee Tool has the following? stockholders' equity account. The? firm's common stock currently sells for $3.11per...

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Finance

Milwaukee Tool has the following? stockholders' equity account.The? firm's common stock currently sells for $3.11per share:

a. Show the effects on the firm of a cash dividend of

?$0.200.20

per share.

b. Show the effects on the firm of a 55?% stock dividend.

c.??Compare the effects in parts a and

b. What are the significant differences between the two methodsof paying? dividends?

a.??The balance in preferred stock after the $0.20 cash dividendis $______

?(Round to the nearest? dollar.)

Preferred stock

?$??

91 comma 00091,000

Commonstock

?(400 comma 000400,000

shares at

?$0.910.91

?par)

364 comma 000364,000

?Paid-in capital in excess of par

213 comma 000213,000

Retained earnings

Modifying 390 comma 000 withunderline    390,000

Total? stockholders' equity

Modifying $ 1 comma 058 comma 000 with doubleunderline$1,058,000

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