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 $ 125,000 95,000 175,000 None 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 vas 36 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.
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 $ 125,000 95,000 175,000 None 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 vas 36 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On July 1, Jones Corporation had the following capital structure:
Common Stock, par $1; 8,000,000 authorized shares, 125,000 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 36 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
uecimal places.
Before Stock
Transactions
Items
$
1.00
Number of Shares Outstanding
Par Per Share
Common Stock Account
Additional Paid-in Capital
Retained Earnings
Total Stockholders' Equity
Case 1
After 100%
Stock
Dividend
Case 2
After Stock
Split
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
$ 125,000
95,000
175,000
None
Before Stock
Transactions
1.00
95,000
175,000
Case 1
After 100%
Stock
Dividend
Case 2
After Stock
Split
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