What effect does this have on the equity accounts

Reference no: EM131424511

Stock Splits In the previous problem, suppose the company instead decides on a five-for-one stock split. The firm's 80-cent per share cash dividend on the new (post-split) shares represents an increase of 10 percent over last year's dividend on the pre-split stock. What effect does this have on the equity accounts? What was last year's dividend per share?

Reference no: EM131424511

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