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
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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