At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part...
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At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: Required: The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. Use information in column B to complete columns C, D, and E. 1) Issue a 100% stock dividend. OR 2) Execute a 2-for-1 stock split. OR 3) Distribute a $5,000 cash dividend. Stockholders' Equity Contributed Capital: Number of common shares outstanding Par value per common share Common Stock, at par Additional Paid-in Capital Total Contributed Capital Retained Earnings Total Stockholders' Equity 100% 2 $5,000 At Dec 31 5,000 $1.00 $5,000 745,000 750,000 980,000 $1,730,000 Stock Dividend 2 for 1 Stock Split Cash Dividend At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: Required: The company is considering three alternative distributions to stockholders. Consider each alternative independently of the others. Complete the table above and show the effect on stockholders' equity as a result of each of these distributions. Use information in column B to complete columns C, D, and E. 1) Issue a 100% stock dividend. OR 2) Execute a 2-for-1 stock split. OR 3) Distribute a $5,000 cash dividend. Stockholders' Equity Contributed Capital: Number of common shares outstanding Par value per common share Common Stock, at par Additional Paid-in Capital Total Contributed Capital Retained Earnings Total Stockholders' Equity 100% 2 $5,000 At Dec 31 5,000 $1.00 $5,000 745,000 750,000 980,000 $1,730,000 Stock Dividend 2 for 1 Stock Split Cash Dividend
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Organizational Behavior Science The Real World and You
ISBN: 978-1111825867
8th edition
Authors: Debra L. Nelson, James Campbell Quick
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