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) Below the equity structure for Coach Liberty Industry: Equity structure of Coach Liberty Industry as at 31 December 2020 Common stock (RM3.50par, 1,000,000 shares)
) Below the equity structure for Coach Liberty Industry: Equity structure of Coach Liberty Industry as at 31 December 2020 Common stock (RM3.50par, 1,000,000 shares) Contributed capital in excess of par Retained earnings 3,500,000 2,000,000 5,600,000 Total common stockholders' equity 11,100,000 i) Coach Liberty Industry has decided to pay 20 percent stock dividend direct to the existing shareholders. The market value of the company is RM5.50. What is the changes to the new equity structure of Coach Liberty Industry? (6 marks) (CLO2:PLO2:C2) ii) If the company decided to split the shares 3 for 1, determine the new number of share, par price and market price of Coach Liberty Industry. (4 marks) (CLO2:PLO2:C3)
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