on october 31, the stockholders' equity section of heins company

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on october 31, the stockholders' equity section of heins company consists of common stock $500,000 and retained earnings $900,000. heins is considering the following two courses of action: (1) declaring a 5% stock dividend on the 50,000, $10 par value shares outstanding, or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. the current market price is $14 per share.instructionsprepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity, outstanding shares, and par value per share. use the following column headings: before action, after stock dividend, and after stock split.
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