Part B: THINKING $[12$ marks$]$

The following is information taken from the shareholders' equity section of the projected summary

financial statements of Blair Bonds Corp. to December $31,2008,$ prior to the board of directors' meeting to

decide on dividends or other share transactions related to its $10,000$ issued common shares for the year.

Instructions

Prepare in four$-$column comparative format, the shareholders' equity section as it would appear under

each of the following possible options that the board is considering. Only one of the options will be

chosen, so assume they are mutually exclusive. Describe any additional disclosure that would be

required.

$($a$)$ The board declares a $$2\mathrm{.}50$ cash dividend.

$($b$)$ The board declares a $20\%$ stock dividend.

$($c$)$ The board approves a $3-$for$-1$ stock split.

Is my answer correct?