Business, 25.10.2019 00:43, queenlover9975

On october 31, the stockholders' equity section of manolo company's balance sheet consists of common stock $648,000 and retained earnings $400,000. manolo is considering the following two courses of action: (1) declaring a 5% stock dividend on the 81,000 $8 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to $4 per share. the current market price is $17 per share.

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On october 31, the stockholders' equity section of manolo company's balance sheet consists of common...