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Following is the shareholders' equity section of the balance sheet of Roditis Ltd.: Contributed capital Preferred shares, $2, cumulative, 75,000 shares authorized, 10,000 shares
Following is the shareholders' equity section of the balance sheet of Roditis Ltd.: Contributed capital Preferred shares, $2, cumulative, 75,000 shares authorized, 10,000 shares issued $300,000 Common shares, 400,000 shares authorized, 50,000 shares issued 400,000 Total contributed capital 700,000 Retained earnings 490,000 Total shareholders' equity $1,190,000 The preferred shares are currently selling for $34.00 per share and the common shares are currently selling for $12.00 per share. Required: Determine: a) The total contributed capital after the declaration of a 20% common stock dividend. b) The balance of retained earnings after the declaration of a 10% common stock dividend. c) The balance of retained earnings after the declaration of a 2-for-1 stock split. d) The balance of total shareholders' equity after the declaration of a 10% common stock dividend. e) The balance of total shareholders' equity after the declaration of a 3-for-1 stock split. f) The balance in the common shares account after the distribution of a 10% common stock dividend. g) The balance in the common shares account after the declaration of a 2-for-1 stock split. h) The number of common shares issued after the declaration of a 20% common stock dividend. i) The number of common shares issued after the distribution of a 3-for-1 stock split. Questions are independent one another.
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