Question: PLEASE USE FORMULA REFERENCES. C D E F G H 1 2 At December 31, Artists Unlimited Company had the following stockholders' equity components that
PLEASE USE FORMULA REFERENCES.
C D E F G H 1 2 At December 31, Artists Unlimited Company had the following stockholders' equity components that would be part of the balance sheet: 3 4 Required: 5 6 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. 7 8 9 1) Issue a 100% stock dividend. 100% 10 OR 11 2) Execute a 2-for-1 stock split. 2 12 OR 13 3) Distribute a $5,000 cash dividend. $5,000 14 15 Stock Dividend 2 for 1 Stock Split Cash Dividend 16 Stockholders' Equity At Dec 31 17 Contributed Capital: 18 Number of common shares outstanding 19 Par value per common share 20 Common Stock, at par 21 Additional Paid-in Capital 22 Total Contributed Capital 23 Retained Earnings 24 Total Stockholders' Equity 25 5,000 $1.00 $5,000 745,000 750,000 980,000 $1,730,000
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