Lowery

What is the effect of a stock dividend on a corporation’s stockholders’ equity accounts?

Accounting Principles Fourteenth Edition Ethics Case EC14 Molina Corporation has paid 60 consecutive quarterly cash dividends (15 years). The last 6 months, however, have been a cash drain on the company, as profit margins have been greatly narrowed by increasing competition. With a cash balance sufficient to meet only day-to-day operating needs, the president, Rob […]

Scroll to top