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Please answer the following question, showing your work. Thank you On October 31, the stockholders' equity section of Oriole Company's balance sheet consists of common
Please answer the following question, showing your work. Thank you
On October 31, the stockholders' equity section of Oriole Company's balance sheet consists of common stock $760,000 and retained earnings $405,000. Oriole is considering the following two courses of action: (1) declaring a 6% stock dividend on the 95,000$8 par value shares outstanding or (2) effecting a 2 -for- 1 stock split that will reduce par value to $4 per share. The current market price is $13 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding sharesStep by Step Solution
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