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24) Brooks Brothers has done very well the past year and its stock price is now trading over $100 per share. Management is considering either
24) Brooks Brothers has done very well the past year and its stock price is now trading over $100 per share. Management is considering either a 100% stock dividend or a 2-for-1 stock split. Required: 1. Complete the following chart comparing the effects of a 100% stock dividend versus a 2-for-1 stock split on the stockholders' equity accounts, shares outstanding, par value, and share price. After 100% Stock Dividend After 2-for-1 Stock Split Before $10,000 250,000 260.000 150,000 Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Shares outstanding Par value per share Share price $410,000 10,000 $1 $102 2. What is the primary reason companies declare a large stock dividend or a stock split
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