Question: 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: Common Stock, par $1,

E11-14 Comparing 100 Percent Stock Dividend and 2-for-1 Split [LO 11-3]

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: Common Stock, par $1, 8,000,000 authorized shares, 175,000 issued and outstanding $175,000 Additional Paid-in Capital Retained Earnings Treasury Stock 105,000 185,000 None Required Complete the following table based on two independent cases involving st share" answers to 2 decimal places.) ock transactions: (Round "per Case 1: The board of directors declared and issued a 100 percent stock dividend when $6 per share Case 2 The boaird of directors voted a 2-4or-1 stock pit,The stock price prior to the splt vas se per share Case 1 Case 2 Before Stock After 100% Transactions Dividend After 100% After stock Split Number of Shares Outstanding Par Per Share 175.000 1.00 Additional Paid-in Capital Retained Earnings 105.000 185.000

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