1) Balance sheet for Pie Crust, Inc., is given here in market value terms. There are 15,000 shares of stock outstanding.
Market Value Balance Sheet
Cash $140,000
Fixed assets 470,000 Equity $610,000
Total $610,000 Total $610,000
Determine the stock selling for today? What will it sell for tomorrow? Determine the balance sheet look like after dividends are paid?