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 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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