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Required information (The following information applies to the questions displayed below.) Sammy's Sportshops has been very profitable in recent years and has seen its stock
Required information (The following information applies to the questions displayed below.) Sammy's Sportshops has been very profitable in recent years and has seen its stock price steadily increase to over $100 per share. The CFO thinks the company should consider either a 100% stock dividend or a 2-for-1 stock split. Required: 1. Complete the following table comparing the effects of a 100% stock dividend versus a 2-for-1 stock split on the stockholders' equity accounts, shares outstanding, par value, and share price. (Round "Par value per share" to 2 decimal places.) Before After 100% Stock Dividend After 2-for- 1 Stock Split $ 1.000 44,000 45,000 Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earings Total stockholders' equity Shares outstanding Par value per share Share price 22,350 $ 67,350 1,000 $ 1.00 $ 100
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