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 $1:8,000,000
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, 120,000 issued and outstanding Additional Paid-in Capital Retained Earnings Treasury Stock $120,000 94,000 174,000 None Required Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 declmal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $7 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $7 per share Case 1Case2 Before Stock After 100% Transactions Dividend After Stock Items Number of Shares Outstanding Par Per Share Common Stock Account Additional Paid-in Capital Retained Earnings Total Stockholders' Equity 1.00 94,000 174,000 HintsReferences eBook & Resources MacBook
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