P15.10 (LO 3) Writing (Stock Dividends and Stock Split) Oregon Inc. $10 par common ste selling for $110 per share. Four million shares are currently issued and outstanding. The board of tors wishes to stimulate interest in Oregon common stock before a forthcoming stock issue but doe wish to distribute capital at this time. The board also believes that too many adjustments to the stock ers' equity section, especially retained earnings, might discourage potential investors. The board has considered three options for stimulating interest in the stock: 1. A 20% stock dividend. 2. A 100% stock dividend. 3. A 2-for-1 stock split.

P15.10 (LO 3) Writing (Stock Dividends and Stock Split) Oregon Inc. $10 par common ste selling for $110 per share. Four million shares are currently issued and outstanding. The board of tors wishes to stimulate interest in Oregon common stock before a forthcoming stock issue but doe wish to distribute capital at this time. The board also believes that too many adjustments to the stock ers' equity section, especially retained earnings, might discourage potential investors. The board has considered three options for stimulating interest in the stock: 1. A 20% stock dividend. 2. A 100% stock dividend. 3. A 2-for-1 stock split.

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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