Question
Can someone answer this one please. On October 31, the stockholders equity of Pele company 's balance sheet consists of common stock $334,800, and retained
Can someone answer this one please. On October 31, the stockholders equity of Pele company 's balance sheet consists of common stock $334,800, and retained earnings $435,400.Pele is considering the following two courses of action :(1) declaring a 6% stock dividend on the 83,700 $4 par value shares outstanding (2) effecting a 2 for 1 stock split that will reduce par value to $2 per share. the current market price is $14 per share. prepare a tabular summary of the effects of the alternative actions on the company's stockholders equity and outstanding shares. I answer some of this but I got the after stock dividend part wrong which is the middle column all of those answers there are wrong just the middle section.
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