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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
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 $0.01 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 $27 per share
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