Question
KMC Corp.s management is considering either a 100% stock dividend or a 2-for-1 stock split. Complete the following chart to assist in answering the following:
KMC Corp.s management is considering either a 100% stock dividend or a 2-for-1 stock split. Complete the following chart to assist in answering the following:
Common stock, $0.50 par value $50,000 Additional paid-in capital 1,350,000 Total paid-in capital 1,400,000 Retained Earnings 500,000 Total stockholders equity $1,900,000 Shares outstanding 100,000 Par value per share $0.50 Share price $150.00
13. $______________ After the 100% stock dividend what amount is in Total paid-in capital account? 14. $______________After the 100% stock dividend what amount is in the retained earnings account? 15. $____.___ ___After the 100% stock dividend what is the par value per share? 16. $_______________After the 2-for-1 stock split what amount is in Total paid in capital account? 17. $____.___ ___After the 2-for-1 stock split what is the par value per share?
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