Question: Hello, can you help me with the below? On October 31, the stockholders' equity section of Sandhill Co.'s balance sheet consists of common stock $326,000and
Hello, can you help me with the below?
On October 31, the stockholders' equity section of Sandhill Co.'s balance sheet consists of common stock $326,000and retained earnings $410,000. Sandhill is considering the following two courses of action:
(1)Declaring a6% stock dividend on the81,500$4par value shares outstanding(2)Effecting a 2-for-1 stock split that will reduce par value to $2per share.
The current market price is $13per share.
??

Sandhill Co.'s Balance Sheet Before Action After Stock Dividend After Stock Split Stockholders' equity Paid-in capital Retained earnings Total stockholders' equity $ $ Outstanding shares
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