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I've figured out the first column, but have no idea about the second and third one. It would be best if you can show the
I've figured out the first column, but have no idea about the second and third one. It would be best if you can show the calculation for every blank left. Thanks!
Common stock ( $2 par value) $ 696,000 990,000 Additional paid-in capital 780,000 Retained earnings Treasury stock 0 Required: 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 40 percent stock dividend when the stock was selling at $4 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 $4 per share. Items After Stock Dividend After Stock Split Before Dividend and Split $ 696,000 $ 2.00 Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity 348,000 990,000 $ $ $ 780,000 2,466,000
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