Question 15 of 16 -79 E View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Larkspur, Inc.'s balance sheet consists of common stock $823,000 and retained earnings $891,000. Larkspur is considering the following two courses of action: (1) declaring a 6% stock dividend on the 82,300 $10 par value shares outstanding or (2) effecting 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. Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings $ $ $ Total stockholders' equity Outstanding shares e Textbook and Media Sutunli Answer Attempts: 0 of 3 used Save for Later