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(Stock splits) The debt and equity section of the Robson Corporation balance sheet is shown here: assuming that (a) a 10 percent stock dividend is
(Stock splits) The debt and equity section of the Robson Corporation balance sheet is shown here: assuming that (a) a 10 percent stock dividend is issued and (b) a 2-for-1 stock split is declared a. Reconstruct the financial statement assuming that a 10 percent stock dividend is issued. Debt Common equity The current market price of the common shares is S25 Reconstruct the financial statement (Round to the nearest d Data Table Par (S2.5; 176,000 shares) Paid-in capital Retained earnings (Round to the nearest dollar ) (Round to the nearest dollar.) Round to the nearest dollar.) Debt Common equity $2,000,000 $3,750,000 b. Reconstruct the financial statement assuming that a 2-for-1 stock split is declared. Debt Common equity Par ($2.5; 160,000 shares) Paid-in capital Retained earnings 400,000 400,000 950,000 3,750,000 (Round to the nearest d ollar.) Click on the icon located on the table above in order to copy its contents into a spreadsheet) top-right corner of the data Par ($1.25; 320,000 shares) Paid-in capital Retained eanings (Round to the nearest d (Round to the nearest dollar.) (Round to the nearest dollar.) ollar.) Print Done S3,750,000
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