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Problems 1 and 2 please :) 1. 2. On June 30, 2017, Sharper Corporation's common stock is priced at $31.00 per share before any stock
Problems 1 and 2 please :)
1.
2.
On June 30, 2017, Sharper Corporation's common stock is priced at $31.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$8 par value, 95,000 shares authorized, 38,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 304,000 100,000 404,000 $ 808,000 1 Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. Answer these questions about stockholders equity as it existsarssuing the new shares. a.,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares 2. Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares a.,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares
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