Question 3 (20 Marks) Real Time Corporation Berhad has 2 million shares of common stock...
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Question 3 (20 Marks) Real Time Corporation Berhad has 2 million shares of common stock outstanding. net income is $100,000 and the stockholders equity portion o the company is given below Common stock (2 million shares at $10 par value) $20,000 000 Capital in excess of par 17,000.000 Retained Earnings 33000 000 $70,000,000 Current market value of the company's stock is $30 per share Required; Show the statement of financial position after 7 marks a. Cash dividend of $6.00 per share is declared (8 marks 15% stock dividend is declared (show all workings) b, (5 marks c Explain stock repurchase
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