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On October 3 1 , the stockholders' equity section of Cullumber Company consists of common stock $ 3 1 5 , 0 0 0 and
On October the stockholders' equity section of Cullumber Company consists of common stock $ and retained earnings $ Cullumber is considering the following two courses of action: declaring a stock dividend on the $ par value shares outstanding, or effecting a for stock split that will reduce par value to $ per share. The current market price is $ per share.
Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share.
tabletableBeforeActiontableAfterStockDividendtableAfterStockSplitStockholders equityPaidin capitalCommon stock,$$$
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