On October 31, the stockholders' equity section of Ivanhoe Company consists of common stock $265,000 and...

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On October 31, the stockholders' equity section of Ivanhoe Company consists of common stock $265,000 and retained earnings $883,000. Ivanhoe is considering the following two courses of action: (1) declaring a 6% stock dividend on the 26,500, $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. Stockholders' equity Pald-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share After Before Stock Action Dividend $ After Stock Split eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer On October 31, the stockholders' equity section of Ivanhoe Company consists of common stock $265,000 and retained earnings $883,000. Ivanhoe is considering the following two courses of action: (1) declaring a 6% stock dividend on the 26,500, $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. Stockholders' equity Pald-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share After Before Stock Action Dividend $ After Stock Split eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer