Question 14-16 please.Thank you.

Explain how the financial statements as of 31 December 20 times 5 would be different if the stock dividend were recognized on the declaration date. At the end of 20 times 6, Hiltz Industries Ltd. reported the following in shareholders' equity: At this time, the shares were trading in the range of $4 to $6 per share on public stock markets. The company's Board of Directors is contemplating two alternative courses of action: Declaring a 50% stock dividend, or Executing a 3-for-2 stock split. Required: Prepare the shareholders' equity section for each alternative, assuming that market value is used to capitalize the stock dividend. What would the expected share price be in each case? Which alternative would shareholders prefer? Explain. Which alternative would the company prefer? Explain. Altheum Corporation Limited had the following shareholders' equity on 31 December 20 times 8