Question
On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.10 par value) $ 60,000 Additional paid-in capital 1,900,000 Retained earnings 800,000 Treasury
On January 1, Biofuel Corporation had the following capital structure:
| Common stock ($0.10 par value) | $ | 60,000 | ||||||||||||||||||||||||||||||||||||||||||||
| Additional paid-in capital | 1,900,000 | |||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | 800,000 | |||||||||||||||||||||||||||||||||||||||||||||
| Treasury stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||
| Cash flows from financing activities | 19,000 | |||||||||||||||||||||||||||||||||||||||||||||
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Required: Complete the table below for each of the three following independent cases: Case 1: The board of directors declared 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 $10 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $10 per share.
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The Access Audit Handbook An Inclusive Approach To Auditing Buildings
Authors: Centre For Accessible Environments
3rd Edition
1914124839, 978-1914124839
