On July 1, Davidson Corporation had the following capital structure: Required: Complete the table below for each
Question:
On July 1, Davidson Corporation had the following capital structure:
Required:
Complete the table below for each of the two following independent cases:
Case 1: The board of directors declared and issued a 50 percent stock dividend when the stock was selling at $12 per share.
Case 2: The board of directors announced a 6-for-5 stock split. The market price prior to the split was $12 per share.
Transcribed Image Text:
Common stock ($1 par value) Additional paid-in capital Retained earnings Treasury stock $600,000 900,000 700,000 -0-
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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