On October 31, the stockholders equity section of Heins Company consists of common stock $300,000 and retained earnings $890,000. Heins is considering the following two courses of action: (1) declaring a 4% stock dividend on the 30,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 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.

On January 1. 2017, Froner Corporation had $1,125,000 of common stock outstanding that was issued at par. It also had retained earnings of $750,000. The company issued 40,500 shares of common stock at par on July 1 and earned net income of $395,000 for the year Journal ze the declaration o a 15% stock d vidend on December 10, 2017, or the ollowing independent assumptions. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) (b) Par value is $10, and market price is $18. Par value is $5, and market price is $20 No. Account Titles and Explanation Debit Credit