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On October 31, Sunland Corporation's liabilities totalled $232,000. Its shareholders' equity consisted of common shares with a carrying amount of $936,000, with 93,600 common shares

image text in transcribed On October 31, Sunland Corporation's liabilities totalled $232,000. Its shareholders' equity consisted of common shares with a carrying amount of $936,000, with 93,600 common shares issued and retained earnings with a carrying amount of $276,800. Sunland is considering the following three courses of action: (1) paying a $0.75 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $15 per share. Complete the following tabular summary of the effects of the alternative actions on Sunland's shareholders' equity and number of common shares. On October 31, Sunland Corporation's liabilities totalled $232,000. Its shareholders' equity consisted of common shares with a carrying amount of $936,000, with 93,600 common shares issued and retained earnings with a carrying amount of $276,800. Sunland is considering the following three courses of action: (1) paying a $0.75 cash dividend, (2) declaring a 10% stock dividend, or (3) effecting a 3-for-1 stock split. The current market price for its common shares is $15 per share. Complete the following tabular summary of the effects of the alternative actions on Sunland's shareholders' equity and number of common shares

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