Question
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
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.
I only need the blanks on the after stock dividend.
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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