What will balance sheet look like after dividends are paid

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Reference no: EM13943029

The balance sheet for Intranet Browser Corp. is shown here in market value terms. There are 7500 shares of stock outstanding.

Market Value Balance Sheet

Cash 15,000 Equity 150,000

Fixed assets 135,000

Total 150,000 Total 150,000

The company has declared a dividend of £1.10 per share. what is the stock selling for today? What will the balance sheet look like after the dividends are paid?

With steps please

Reference no: EM13943029

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