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Please show work Use the following to answer questions 13 - 17 KMC Corp.'s management is considering either a 100% stock dividend or a 2-for-1
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Use the following to answer questions 13 - 17 KMC Corp.'s management is considering either a 100% stock dividend or a 2-for-1 stock split. Complete the following chart to assist in answering the following: After 100% Stock Dividend After 2-for-1 Stock Split Before Common stock, $0.50 par value Additional paid-in capital Total paid-in capital Retained Earnings Total stockholders' equity $250,000 25,000,000 25,250,000 500,000 $25,750,000 Shares outstanding Par value per share Share price 500,000 $0.50 $250.00 13. $ After the 100% stock dividend what amount is in Total paid-in capital account? 14. $ After the 100% stock dividend what amount is in the retained earnings account? 15. $ After the 100% stock dividend what is the par value per share? 16. $ After the 2-for-1 stock split what amount is in Total paid in capital account? 17. $ After the 2-for-1 stock split what is the par value per shareStep by Step Solution
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