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View Policies -/25 E III Current Attempt in Progress On October 31, the stockholders' equity section of Tamarisk, Inc.'s balance sheet consists of common
View Policies -/25 E III Current Attempt in Progress On October 31, the stockholders' equity section of Tamarisk, Inc.'s balance sheet consists of common stock $813,000 and retained earnings $900,000. Tamarisk is considering the following two courses of action: (1) declaring a 5% stock dividend on the 81,300 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $14 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Stockholders' equity Before Action After Stock Dividend Paid-in capital $ $ Retained earnings Total stockholders' $ $ $ equity Outstanding shares eTextbook and Media Save for Later After Stock Split
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