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On January 1, Biofuel Corporation had the following capital structure Common stock ($0.50 par value Additional paid-in capital Retained earnings Treasury stock Cash flows from
On January 1, Biofuel Corporation had the following capital structure Common stock ($0.50 par value Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities $ 62,000 1,920,000 820,000 20,000 Required: Complete the table below for each of the three following independent cases: Case 1: The board of directors declared and paid a cash dividend of $0.02 per share Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $12 per share. Items Before any Dividend After Cash Dividend After Stock Dividend After Stock Split Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivities
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