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On July 1, 2017, Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 155,000 issued and outstanding) $ 155,000 Contributed
On July 1, 2017, Jones Limited had the following share structure:
| Common shares (par $1; 200,000 authorized shares; 155,000 issued and outstanding) | $ | 155,000 | |
| Contributed surplus | 93,000 | ||
| Retained earnings | 177,000 | ||
Required: Complete the following table based on three independent cases involving share transactions: (Round your par value answers to 2 decimal places.)
| Case | 1: | The board of directors declared and issued a 8 percent stock dividend when the share price was $8.50 per share. | ||
| Case | 2: | The board of directors declared and issued a 100 percent stock dividend when the share price was $8.50 per share. | ||
| Case | 3: | The board of directors voted a 2-for-1 stock split. The share price prior to the split was $8.50 per share. |
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