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I need help with part (b). I already tried the solution; 11360000 but that did not work either. Do It! Review 11-3b (Part Level Submission)
I need help with part (b). I already tried the solution; 11360000 but that did not work either.
Do It! Review 11-3b (Part Level Submission) Concord Corporation has had 4 years of net income. Due to this success, the market price of its 360,000 shares of $3 par value common stock has increased from $10 per share to $54. During this period, paid-in capital remained the same at $4,500,000 Retained earnings increased from $1,810,000 to $11,000,000. President E. Rife is considering either a 17% stock dividend or a 2-for-1 stock split. Your answer is correct. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend 7695200 Retained earnings after stock split 11000000 (b) xYour answer is incorrect. Try again He asks you to show the before-and-after effects of each option on total stockholders' equity. Total stockholders' equity after stock dividend 11176400 Total stockholders' equity after stock split 11176400Step by Step Solution
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