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At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: 4 Required: 8 9
At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: 4 Required: 8 9 The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. Use information in column B to complete columns C, D, and E. 1) Issue a 100% stock dividend. 10 OR 2) Execute a 2-for-1 stock split. 100% 2 12 OR 13 3) Distribute a $5,000 cash dividend. $5,000 1234567BRUELEZALARA22222222 16 Stockholders' Equity 17 Contributed Capital: 18 Number of common shares outstanding At Dec 31 Stock Dividend 2 for 1 Stock Cash Split Dividend 5,000 19 Par value per common share 20 $1.00 + $5,000 745,000 750,000 980,000 Total Stockholders' Equity $1,730,000 Common Stock, at par Additional Paid-in Capital Total Contributed Capital 23 Retained Earnings
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