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Could you help me to solve this problem please? many thanks! On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par
Could you help me to solve this problem please? many thanks!
On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.50 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities $ 65,000 1,950,000 850,000 0 21,500 Required: Complete the table below for each of the three following independent cases (Round "Par per share" answers to 2 decimal places.): Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $15 per share. Items Before any Dividend $ 65,000 After Cash Dividend After Stock Dividend After Stock Split $ 0.5 Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivities $ $ 1.950,000 850,000 $ 21,500 Step by Step Solution
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