Business, 15.11.2019 22:31, khushi83

On october 31, the stockholders� equity section of pele company�s balance sheet consists of common stock $648,000 and retained earnings $400,000.

pele is considering the following two courses of action:

(1) declaring a 5% stock dividend on the 81,000 $8 par value shares outstanding
(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.

prepare a tabular summary of the effects of the alternative actions on the company�s stockholders� equity and outstanding shares.

Answers: 2

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