Question: Q2- solve the below independent cases: (25 points) Case - A- Gordon Corporation reported the following equity section on its current balance sheet. The common
Q2- solve the below independent cases: (25 points) Case - A- Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share Common stock, S8 par, 100,000 shares authorized, 40,000 shares issued Paid in capital in excess of par-common Retained earnings Total stockholders' equity $320,000 150,000 330,000 $800,000 Declared a 10% stock dividend on common stock. Record the necessary entry Case -B- Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for S11.50 per share. I Common stock, S5 par, 190,000 shares authorized. 140.000 shares issued Paid-in capital in excess of par-Common Retained earnings Total stockholders' equity $700.000 120,000 290.000 SILLO.CO After a 2-for-/ stock split, what would be the number of issue shares & Par Value
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