Sally Corporation has 80,000 shares of common stock (par value $8) outstanding. Required: Complete the following comparative

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Sally Corporation has 80,000 shares of common stock (par value $8) outstanding.

Required:
Complete the following comparative tabulation based on two independent cases:
Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $15 per share. The dividend will be accounted for as a large stock dividend.
Case 2: The board of directors voted a 5-to-3 stock split (i.e., a 66.67 percent increase in the number of shares). The market price prior to the split was $15 pershare.
Sally Corporation has 80,000 shares of common stock (par value
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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