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test question! please answer quickly |. The current market price of the common shares is $19. Reconstruct the financial statement assuming that (a) a (Stock
test question! please answer quickly
|. The current market price of the common shares is $19. Reconstruct the financial statement assuming that (a) a (Stock splits) The debt and equity section of the Robson Corporation balance sheet is shown here: 15 percent stock dividend is issued and (b) a 3-for-1 stock split is declared. Data Table a. Reconstruct the financial statement assuming that a 15 percent stock dividend is issued. $ (Round to the nearest dollar.) Debt Common equity Par ($1.9; 115,000 shares) Paid-in capital Retained earnings (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) $3,040,000 b. Reconstruct the financial statement assuming that a 3-for-1 stock split is declared. (Round to the nearest dollar.) Debt Common equity Par ($0.63333; 300,000 shares) Paid-in capital Retained earnings (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.) $3,040,000 ck on the following icon in order to copy its contents into a spreadsheet.) $1,600,000 Debt Common equity Par ($1.9; 100,000 shares) Paid-in capital Retained earnings 190,000 400,000 850,000 $3,040,000Step by Step Solution
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