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Hello, I am very confused about the chart above. Can someone please explain how to get the answers? Thank you! On January 1, Biofuel Corporation
Hello,
I am very confused about the chart above. Can someone please explain how to get the answers?
Thank you!
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 $74,000 2,040,000 940,000 26,000 Required Complete the table below for each of the three following independent cases Case 1: The board of directors declared and paid a cash dividend of $0.02 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 $24 per share Items Before any Dividend After Cash Dividend After Stock Dividend After Stock Split Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivitiesStep by Step Solution
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