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On July 1, Davidson Corporation had the following capital structure: Required: Complete the table below for each of the two following independent cases: (Round Par
On July 1, Davidson Corporation had the following capital structure: Required: Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 60 percent stock dividend when the stock was selling at $5 per share. Case 2: The board of directors announced a 6-for-5 stock split (i.e., a 20 percent increase in the number of shares). The market price prior to the split was $5 per share
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