Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: $ 76,000 2,060,000 960,000 0 27,000 Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share. Items Common stock account Par value per share Before Any After Cash Dividends Dividend $ 76,000 $ 0.2 Shares outstanding Additional paid-in capital Retained earnings $ 2,060,000 $ 960,000 Total stockholders' equity Cash flows from financing activities $ 27,000 After Stock Dividend After Stock Split
Just prior to the end of the fiscal year, Biofuel Corporation reported the following information: Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: $ 76,000 2,060,000 960,000 0 27,000 Complete the table below for each of the three following independent cases: Note: Round "Par per share" answers to 2 decimal places. Case 1: The board of directors declared a cash dividend of $0.02 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share. Items Common stock account Par value per share Before Any After Cash Dividends Dividend $ 76,000 $ 0.2 Shares outstanding Additional paid-in capital Retained earnings $ 2,060,000 $ 960,000 Total stockholders' equity Cash flows from financing activities $ 27,000 After Stock Dividend After Stock Split
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
Related questions
Question
Vikarmbhai
![Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:
Common stock ($0.20 par value)
Additional paid-in capital
Retained earnings
Treasury stock
Cash flows from financing activities
Required:
$ 76,000
2,060,000
960,000
0
27,000
Complete the table below for each of the three following independent cases:
Note: Round "Par per share" answers to 2 decimal places.
Case 1: The board of directors declared a cash dividend of $0.02 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share.
Items
Common stock account
Par value per share
Before Any
After Cash
Dividends
Dividend
$
76,000
$
0.2
Shares outstanding
Additional paid-in capital
Retained earnings
$
2,060,000
$
960,000
Total stockholders' equity
Cash flows from financing activities
$
27,000
After Stock
Dividend
After Stock
Split](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c1491f8-d03c-4599-a3c3-f9ea8f085cb3%2F6573c2a9-f239-4d3c-82a8-84d3ee37595b%2Fq08pbj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Just prior to the end of the fiscal year, Biofuel Corporation reported the following information:
Common stock ($0.20 par value)
Additional paid-in capital
Retained earnings
Treasury stock
Cash flows from financing activities
Required:
$ 76,000
2,060,000
960,000
0
27,000
Complete the table below for each of the three following independent cases:
Note: Round "Par per share" answers to 2 decimal places.
Case 1: The board of directors declared a cash dividend of $0.02 per share.
Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $12 per share.
Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $26 per share.
Items
Common stock account
Par value per share
Before Any
After Cash
Dividends
Dividend
$
76,000
$
0.2
Shares outstanding
Additional paid-in capital
Retained earnings
$
2,060,000
$
960,000
Total stockholders' equity
Cash flows from financing activities
$
27,000
After Stock
Dividend
After Stock
Split
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