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P 1 1 - 1 1 ( Algo ) Comparing Cash Dividends, Stock Dividends, and Stock Splits LO 1 1 - 4 , 1 1

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P11-11(Algo) Comparing Cash Dividends, Stock Dividends, and Stock Splits LO11-4,11-6,11-9
Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:
Required:
Complete the table below for each of the three following independent cases:
Note: Round "Par per share" answers to 2 decimal places.
Case 1: The board of directors declared a cash dividend of $0.02 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $24 per share.
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