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n June 30, Sharper Corporation's common stock is priced at $33.00 per share before any stock dividend or split, and the tockholders' equity section of
n June 30, Sharper Corporation's common stock is priced at $33.00 per share before any stock dividend or split, and the tockholders' equity section of its balance sheet appears as follows. Common stock-$4 par value, 85,000 shares authorized, 34,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 136,000 100,000 236,000 $ 472,000 Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing etained earnings equal to the stock's par value. a., b. & c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding hares. 2. Assume that the company implements a 3-for-2 stock split instead of the stock dividend in part 1. a, b.&c.Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding hares Complete this question by entering your answers in the tabs below. Required 1Required 2 Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Before Stock Dividend Impact of Stock After Stock Dividend Stock Dividend Dividend Common stock Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity 0 Number of common shares outstanding Required 1 Required 2 Assume that the company implements a 3-for-2 stock split instead of the stock dividend in required 1. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Before Stock Split Impact of Stock Split After Stock Split Stock Split Common stock Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity 0 0 0 Number of common shares outstanding Required 1 Required 2
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