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57 E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the
57 E11-22 (Algo) Analyzing Stock Dividends and Comparing to Stock Splits LO11-6 At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: Common stock ($15 par value: 78,000 shares authorized, 34,000 shares outstanding) Additional paid-in capital Retained earnings $510,000 137,000 747,000 On February 1, the board of directors declared a 70 percent stock dividend to be issued April 30. The market value of the stock on February 1 was $18 per share. The market value of the stock on April 30 was $18 per share. Required: ces 1. Complete the following table: 3. How a stock split would affect total stockholders' equity? Complete this question by entering your answers in the tabs below.. Required 1 Required 3 Complete the following table: SOLUTIONS CORPORATION Balance Sheet (Partial) At February 1, This Year Stockholders' Equity Before Stock Dividend. After Stock Dividendi
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