Question: Need Help solving this accounting question! Problem 11-6A The condensed statement of financial position of Laporte Corporation reports the following amounts: LAPORTE CORPORATION Statement of

 Need Help solving this accounting question! Problem 11-6A The condensed statementof financial position of Laporte Corporation reports the following amounts: LAPORTE CORPORATION

Need Help solving this accounting question!

Problem 11-6A The condensed statement of financial position of Laporte Corporation reports the following amounts: LAPORTE CORPORATION Statement of Financial Position (partial) June 30, 2015 Total assets Total liabilities Shareholders' equity $16,106,000 $6,128,000 Common shares, unlimited number authorized, 405,400 issued $2,027,000 Retained earnings 7,951,000 9,978,000 $16,106,000 Total liabilities and shareholders' equity The common shares are currently trading for $26 per share. Laporte wants to assess the impact of three possible alternatives: 1. 2. 3. Payment of a $1.50 per share cash dividend Distribution of a 4% stock dividend A 3-for-2 stock split

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