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Comparing Stock Dividends and Splits On July 1, 2013, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 100,000 issued

image text in transcribedComparing Stock Dividends and Splits

On July 1, 2013, Jones Corporation had the following capital structure:
Common Stock, par $1; 8,000,000 authorized shares, 100,000 issued and outstanding $ 100,000
Additional Paid-in Capital 90,000
Retained Earnings 170,000
Treasury Stock None
Required:

Complete the following table based on three independent cases involving stock transactions: (Round your "per share" to 2 decimal places.)

Case 1:

The board of directors declared and issued a 10 percent stock dividend when the stock price was $8 per share.

Case 2:

The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share.

Case 3:

The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $8 per share.

Find for each: number of shares outstanding, par per share, common stock, additional paid in capital, retained earnings, and total stockholder's equity.

Thank you!

Price prior to the split was $8 per share. Comparing Stock Dividends and Splits On July 1, 2013, Jones Corporation had the following capital structure: Complete the following table based on three independent cases involving stock transactions: (Round your per share to 2 decimal places.)The board of directors declared and issued a 10 percent stock dividend when the stock price was $8 per share. Case 2:The board of directors declared and issued a 100 percent stock dividend when the stock price was $8 per share. Case 3:The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $8 per share.Find for each: number of shares outstanding, par per share, common stock, additional paid in capital, retained earnings, and total stockholder's equity.Thank you

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