What effect does this have on the equity accounts

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Reference no: EM133674249

Question

In the previous problem, suppose the company instead decides on a four-for-one stock split. The firm's 75-cent per share cash dividend on the new (post-split) share represents an increase of 10% over last year's dividend on the presplit stock. What effect does this have on the equity accounts? What was the last year's dividend per share?

Reference no: EM133674249

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