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On January 1, Methane Corporation had the following capital structure: Common stock ($0.20 par value) $ 61,000 Additional paid-in capital 1,910,000 Retained earnings 810,000 Treasury
On January 1, Methane Corporation had the following capital structure:
Common stock ($0.20 par value) | $ | 61,000 | |
Additional paid-in capital | 1,910,000 | ||
Retained earnings | 810,000 | ||
Treasury stock | 0 | ||
Cash flows from financing activities | 19,500 |
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 $0.01 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 $11 per share.
Items Before any Dividend After Cash Dividend After Stock Dividend After Stock Split Common stock account Par per share Additional paid-in captial Retained earnings Total stockholder's equity Cash flows from financing acitivitiesStep by Step Solution
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