On October 31, the stockholders equity section of Windsor, Inc. consists of common stock $280,000 and retained earnings $886,000. Windsor is considering the following two courses of action: (1) declaring a 7% stock dividend on the 28,000, $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.

Exercise 11-15 (Video) On October 31, the stockholders' equity section of Windsor, Inc. consists of common stock $280,000 and retained earnings $886,000. Windsor is considering the following two courses of action: (1) declaring a 7% stock dividend on the 28,000, $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. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Common stock In excess of par Total paid-in capital Retained earnings Total stockholders' equity Outstanding shares Par value per share Click if you would like to Show Work for this question: Open Show Work Exercise 11-17 On January 1, 2020, Concord Corporation had retained earnings of $496,500. During the year, Concord had the following selected transactions. 1. 2. 3. Declared cash dividends $113,000. Earned net income $341,500. Declared stock dividends $56,500. Determine the retained earnings balance at the end of the year. (List items that increase retained earnings first.) Concord Corporation Retained Earnings Statement Click if you would like to Show Work for this question: Open Show Work