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On July 1, 2020. Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 154,000 issued and outstanding) Contributed surplus Retained
On July 1, 2020. Jones Limited had the following share structure: Common shares (par $1; 200,000 authorized shares; 154,000 issued and outstanding) Contributed surplus Retained earnings $154,000 92,000 176,000 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 12 percent stock dividend when the share price was $8.40 per share Case 2: The board of directors declared and issued a 100 percent stock dividend when the share price was 180 per har Case 3: The board of directors voted a 2-for stock split: The share price prior to the split 58.40 share CaNO2 Case 1 After 104 Stock Dividend After 100% Case 3 After Stock Split Stock Before Share Transactions Items Dividend Number of shares outstanding Par per share ase 1: The board of directors declared and issued a 12 percent stock dividend when the share price was $8.40 per share. case 2: The board of directors declared and issued a 100 percent stock dividend when the share price was $8.4e per share. ase 3: The board of directors voted a 2-for-1 stock split. The share price prior to the split was $8.40 per share. Case 1 Case 2 Case 3 Before Share Transactions After 10% Stock Dividend After 100% Stock Dividend Items Alter Stock Split $ Number of shares outstanding Par per share Common shares account Contributed surplus Retained Earnings Total shareholders' equity 92.000 176.000
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