13-16

Use the following to answer questions 13 - 17 KMC Corp.'s management is considering either a 100% stock dividend or a 2-for-1 stock split. Complete the following chart to assist in answering the following: After 100% After 2-for-1 Before Stock Dividend Stock Split Common stock, $0.50 par value $50,000 Additional paid-in capital 1,350,000 Total paid-in capital 1,400,000 Retained Earnings 500,000 Total stockholders' equity $1,900,000 Shares outstanding Par value per share Share price 100,000 $0.50 S150.00 13. $ After the 100% stock dividend what amount is in Total paid-in capital account? 14. $ After the 100% stock dividend what amount is in the retained earnings account? 15. $ After the 100% stock dividend what is the par value per share? 16. $ After the 2-for-1 stock split what amount is in Total paid in capital account