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The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: aceholders xquity Common stock 150,000 shares Retained earnings 250,000 400,000 $

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The Shareholder's Equity section of Flanagan Corporation's latest annual financial statements looks like this: aceholders xquity Common stock 150,000 shares Retained earnings 250,000 400,000 $ 650.000 The firm has earnings per share in the latest year of $0.60 and a price-earnings ratio of 25 times. V Format 09 + I UA do Required: (Treat each of the following as independent questions.) Activate Go to Setti A. Show the effect on the equity account(s) of a two-for-one stock split. Shareholder's Equity shares Common stock B. Show the effect on the equity account(s) of a 12% stock dividend. Shareholder's quity Common stock tiharon Retained earnings Use the following space to provide information in support of your calculation (add space by hitting the enter key)... then move on to the next question. C. Show the effect on the equity account(s) of a $180,000 cash dividend. Shareholder's Equity

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