xercise 1l- On October 31, the stockholders' equity section of Oriole Company's balance sheet consists of common stock $570,000 and retained earnings $405,000. Oriole is considering the following two courses of action: (1) Declaring a 6% stock dividend on the 95,000 $6 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $13 per share Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Oriole Company's Balance Sheet Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity $ Outstanding shares Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT VIDEO: SIMILAR EXERCISE