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I know my answer of $1.20 and $2,320,000 are incorrect...What did I do wrong? On July 1, Davidson corporation had the following capital structure: Complete
I know my answer of $1.20 and $2,320,000 are incorrect...What did I do wrong?
On July 1, Davidson corporation had the following capital structure: Complete the table below for each of the two following independent cases (Round "Par value per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares) The market price prior to the split was $12 per shareStep by Step Solution
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