Question: Elam Enterprises is considering the following three actions regarding its equity: Action 1: Declaring a 30% stock dividend. Action 2: Declaring a $12,000 cash dividend.

Elam Enterprises is considering the following three actions regarding its equity:
Action 1: Declaring a 30% stock dividend.
Action 2: Declaring a $12,000 cash dividend.
Action 3: Declaring a 2-for-1 stock split.
Required
Describe whether each action would increase, decrease, or not affect the following:
(1) Total Stockholders' Equity
(2) Retained Earnings
(3) Contributed Capital
(4) Par Value per Share
(5) Price per Share.

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