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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
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.) After 100% Before Stock Dividend Common stock, $1 par value $ 1,000 Additional paid-in capital 47,000 Total paid-in capital 48,000 Retained earnings 22,650 Total stockholders' equity $ 70,650 Shares outstanding 1,000 Par value per share $ 1.00 Share price $ 106 After 2-for-1 Stock Split
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