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Kingbird, Inc. has had 4 years of record earnings. Due to this success, the market price of its 340,000 outstanding shares of $2 par value
Kingbird, Inc. has had 4 years of record earnings. Due to this success, the market price of its 340,000 outstanding shares of $2 par value common stock has increased from $6 per share to $53. During this period, paid-in capital remained the same at $2,690,000. Retained earnings increased from $1,900,000 to $13,000,000. CEO Don Ames is considering either a 13% stock dividend or a 2-for-1 stock split. He asks you to show the before-and-after effects of each option on retained earnings. Retained earnings after stock dividend $ Retained earnings after stock split $ He asks you to show the before-and-after effects of each option on total stockholders' equity. Total stockholders' equity after stock dividend $ $ Total stockholders' equity after stock split $ He asks you to show the before-and-after effects of each option on par value per share. Par value per share after stock dividend $ Par value per share after stock split $ ta
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