Question: Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock 5820,000 and retained earnings $868.000.

 Current Attempt in Progress On October 31, the stockholders' equity section

Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock 5820,000 and retained earnings $868.000. Blossom is considering the following two courses of action: (1) declaring a 7% stock dividend on the 82.000 $10 par value shares outstanding or (2) effecting a 2-for-1 stock split that will reduce par value to SS per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shores, Before Action After Stock Dividend After Stock Split Stockholders equity Pald-in capital Retained earnings Total stockholders equity $ Outstanding shares eTextbook and Media Attempts: 0 of 3 used Surut

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