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On October 3 1 , the stockholders' equity section of Sunland Company's balance sheet consists of common stock $ 6 9 6 , 0 0
On October the stockholders' equity section of Sunland Company's balance sheet consists of common stock $ and retained earnings $ Sunland 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 company's stockholders' equity and outstanding shares.
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