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pls help me solve this accounting question! :) On October 31, the stockholders' equity section of Oriole Company's balance sheet consists of common stock $760,000
pls help me solve this accounting question! :)
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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