Just prior to the end of the fiscal year, Climate Corporation reported the following information: Required: Complete

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Just prior to the end of the fiscal year, Climate Corporation reported the following information:

Required:
Complete the table below for each of the three following independent cases:
Case 1: The board of directors declared a cash dividend of $0.04 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $16 per share.

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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