Question: 24. 037 points value E11-14 Comparing 100 Percent Stock Dividend and 2-for-1 Split [LO 11-3] On July 1, Jones Corporation had the following capital structure:
24. 037 points value E11-14 Comparing 100 Percent Stock Dividend and 2-for-1 Split [LO 11-3] On July 1, Jones Corporation had the following capital structure: mon Stock, par $1: 8,000,000 authorized shares, 105,000 issued and outstanding $105,000 Com Additional Paid-in Capital Retained Earnings Treasury Stock 91,000 171,000 None Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $7 per $7 per share share Case 1Case 2 After 100% Before Stock Transactions Stock Dividend Items Split 105,000 210.000 Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity S 367,000$ 1.00 $ 105,000 91,000 171,000
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