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9 Check my w E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 1112 points On July 1, Davidson Corporation had the following capital structure:
9 Check my w E11-23 (Algo) Comparing Stock Dividends and Stock Splits LO11-6 1112 points On July 1, Davidson Corporation had the following capital structure: Connon stock ( 52 par value) Additional paid-in capital Retained earnings Treasury stock $ 690,000 1,010,000 780,000 Hint Required: Complete the table below for each of the two following independent cases: Round "Par value per share" amounts to 2 decimal places.) Duterences Case 1: The board of directors declared and issued a 30 percent stock dividend when the stock was selling at 54 per share Case 2 The board of directors announced a 6-for-5 stock split je.. a 20 percent increase in the number of shares). The market price prior to the split was $4 per share. toms Common stock account Par value por share Share outstanding Additional paid-o capital Retained earnings Total stockholders equity Before Dividend Alter Stock After Stock and Split Dividend pl $ 690.000 s 680,000 $ 2005 2.00 345,000 $ 1.010,000 5 1,010,000 $ 780,000 s 35 780.000 $ 2.480,000 s 2480.000 $ 2.480.000
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