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Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.10 par value) Additional paid-in capital Retained earnings
Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.10 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Items Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $10 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $19 per share. After Cash Dividend After Stock Dividend After Stock Split Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Cash flows from financing activities Before Any Dividends $ $ $ $ $ 69,000 0.1 $ 69,000 1,990,000 890,000 1,990,000 890,000 0 23,500 23,500
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