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hello I have attached a word doc , please show your work,and help me with this assignment. thank you. dead line is 1 hour. Exercise
hello I have attached a word doc , please show your work,and help me with this assignment. thank you. dead line is 1 hour.
Exercise 11-15 On October 31, the stockholders' equity section of Heins Company consists of common stock $320,000 and retained earnings $894,000. Heins is considering the following two courses of action: (1) declaring a 4% stock dividend on the 32,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. After Stock Dividend Before Action After Stock Split Stockholders' equity Paid-in capital $ $ $ $ $ $ $ $ $ Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share Link to TextStep by Step Solution
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