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had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,eee issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was 16 per share. Items Number of Shares Outstanding Der Share Before Stock Transactions $ 1.00 $ 125,000 95,000 175,000 None Case 1 After 100% Stock Dividend Case 2 After Stock Split

had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,eee issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was 16 per share. Items Number of Shares Outstanding Der Share Before Stock Transactions $ 1.00 $ 125,000 95,000 175,000 None Case 1 After 100% Stock Dividend Case 2 After Stock Split

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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es uecimmar places. Case 1: The board of directors declared and issued a 100 percent stock dividen Case 2: The board of directors voted a 2-for-1 stock split. The stock price pr Items Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Before Stock Transactions $ 1.00 95,000 175,000 Case 1 After 100% Stock Dividend Case 2 After Stock Split
Transcribed Image Text:es uecimmar places. Case 1: The board of directors declared and issued a 100 percent stock dividen Case 2: The board of directors voted a 2-for-1 stock split. The stock price pr Items Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity Before Stock Transactions $ 1.00 95,000 175,000 Case 1 After 100% Stock Dividend Case 2 After Stock Split
cos On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,eee issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share. Items Number of Shares Outstanding Par Per Share Before Stock Transactions $ 1.00 $ 125,000 95,000 175,000 None Case 1 After 100% Stock Dividend Case 2 After Stock Split
Transcribed Image Text:cos On July 1, Jones Corporation had the following capital structure: Common Stock, par $1; 8,000,000 authorized shares, 125,eee issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $6 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $6 per share. Items Number of Shares Outstanding Par Per Share Before Stock Transactions $ 1.00 $ 125,000 95,000 175,000 None Case 1 After 100% Stock Dividend Case 2 After Stock Split
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