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Do It! Review 11-5 Kosco CD Company has had 4 years of record earnings. Due to this success, the market price of its 362,900 shares
Do It! Review 11-5 Kosco CD Company has had 4 years of record earnings. Due to this success, the market price of its 362,900 shares of $4 par value common stock has increased from $15 per share to $51. During this period. paid-in capital remained the same at $4,354,800. Retained earnings increased from $3,266,100 to $21,774,000. CEO Al Dryer is considering either (1) a 14% stock dividend or (2) a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings and total stockholders' equity
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