Short Answer
The following information is from 2016 statement of stockholders' equity for Dynegy, Inc.
Dynegy has 420 million shares of common stock authorized. Assume the following transactions occurred during the 2017.
Required:
a. Use the financial statement effects template below to record the three transactions.
b. How did the cash dividend affect the company's profitability for the year?
c. What effects does the stock split have on Dynegy's financial statements?
d. What effects does the stock split have on an individual stockholder?
Correct Answer:
Verified
a. (in millions)
1 $2.00 per share × 1...View Answer
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Correct Answer:
Verified
1 $2.00 per share × 1...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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