On October 31, the stockholders' equity section of Heins Company consists of common stock $290,000and retained earnings $888,000. Heins is considering the following two courses of action: (1) declaring a4% stock dividend on the29,000, $10par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5per share. The current market price is $16per 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.

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X ml WileyPLUS u Acc 291-week six : ACC 2 x X 6 C' l 5 Secure l https://edugen.wileyplus.com/edugen/lti/main.uni Q i (9 3 Apps D Google my.UIC 0 Pearson I? Packback ml Blackboard I: VouTube {Q PayLease D CengageBrain - Logll @ 5: Database Processli [if WileyPLUS I: (4) Accounting Proje: Return to Blackboard W' I PLUS gandt, Financial & Managerial Accounting, 2e I ey ] S stern Announcements 1 Unread 'El pmmm VERSION 4 BACK NEXT > ASSIGNMENT RESOURCES Exercise 11-15 mm hummus / Your answer is partially correct. Try again. xgqge' ll-i xercise 11-4 On October 31, the stockholders' equity section of Heins Company consists of common stock $290,000 and retained earnings $888,000. Heins is considering the following two courses of action: (1) declaring a 4% stock Ezem'sell dividend on the 29,000, $10 par value shares outstanding, or (2) effecting a 2for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share. [Bert eve] m1 Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. Exams-2.11:1} W144 After After Before Stock Stock E . _ Z Action Dividend Split Problem 11_1A Stockholders' equity LEamLe'Lel Paid-in capital i i n Common stock 290000 290000 KW Review Results by Study Object've In excess of par Total paidin capital Retained earnings Total stockholders' equity Outstanding shares Par value per share LINK TO TEXT 290000 883000 1178000 II II II I 'II |K ll 29000 x wt...\".,w1tm.....,m.wm.w. 869440 Ill 1178000 9 m 30150 290000 888000 'Ik Ixl 1178000 Igl 58000 i $ VIDEO: SIMILAR ExElasE Question Attempts: 2 of 3 used