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Please complete full chart!! Last expert did not complete full chart but rather the first 5 drop down tabs! On October 31, the stockholders' equity
Please complete full chart!! Last expert did not complete full chart but rather the first 5 drop down tabs!
On October 31, the stockholders' equity section of Larkspur Company's balance sheet consists of common stock $730,000 and etained earnings $511,000. Larkspur is considering the following two courses of action: (1) declaring and distributing a 10% stock dividend on the 73,000$10 par value shares outstanding or (2) affecting a 2 -for-1 stock split that will reduce par value to $5 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Round book value per share to 2 decimal places, eg. 15.25.) Step by Step Solution
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