Assignment > Open Assignment Exercise 11-7 On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $501,000 and retained earnings $412,000. Blossom is considering the following two courses of action (1) (2) Dedaring a 5% stock dividend on the 83.SO"6 par valug shares outstanding Effecting a 2-for-1 stock split that will reduce par value to 3 per share. The ourrent market price is $18 per share Prepare a tabular summary of the effects of the alternative actions on the comgany's stockholders' equity and outstanding shares. Balance Sheet Before Action After Stock Dividend After Stock Split Paid-in capital Retained earnings Total stockholders' equity s Outstanding shares Question Attempts: 0 of 5 used SAVE FOR LATER SURKET ANSWSR Verpan 4.24.6.2