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On January 1, Biofuel Corporation had the following capital structure: Common stock ($0.20 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 ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities $79,000 2,090,000 990,000 28,500 Required: Complete the table below for each of the three following independent cases: Case 1: The board of directors declared a cash dividend of $0.01 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $29 per share. Items Before any Dividend After Cash Dividend After Stock DividendAfter Stock Split Common stock account Par per share Shares outstanding Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing activities
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